Question 1

What is Shimanami Shinkin Bank?

Accepted Answer

Shimanami Shinkin Bank is a regional cooperative financial institution serving small and medium-sized enterprises and local residents across the Seto Inland Sea region, spanning parts of Hiroshima and Ehime prefectures in Japan. The bank takes its name from the Shimanami Kaido, the scenic expressway connecting islands across the Seto Inland Sea.

Question 2

When was Shimanami Shinkin Bank founded?

Accepted Answer

Shimanami Shinkin Bank was established on January 14, 2003, through the merger of Kamome Shinkin Bank and Fukutomo Shinkin Bank. However, its origins trace back to August 1, 1944, when its predecessor institution was founded.

The merger created a stronger regional institution capable of better serving the island communities and coastal areas connected by the Shimanami Kaido. The name symbolizes the bank's role as a bridge connecting communities and businesses across the region.

Question 3

Where is Shimanami Shinkin Bank headquartered?

Accepted Answer

Shimanami Shinkin Bank is headquartered in Mihara, Hiroshima Prefecture, Japan. The main office is located at 1-8-1 Minato-cho, Mihara City, strategically positioned to serve the Seto Inland Sea coastal communities and island regions.

Question 4

Where does Shimanami Shinkin Bank operate?

Accepted Answer

Shimanami Shinkin Bank operates across the Seto Inland Sea region, with 22 branches serving communities in Hiroshima Prefecture and extending into parts of Ehime Prefecture. The bank's service area includes Mihara, Onomichi, Innoshima, Fukuyama, and other communities connected by the Shimanami Kaido expressway and surrounding coastal areas.

Question 5

What services does Shimanami Shinkin Bank offer?

Accepted Answer

Shimanami Shinkin Bank provides comprehensive financial services including deposit accounts, time deposits, loans for individuals and businesses, remittance services, investment trusts, insurance products, and pension services. The bank specializes in supporting small and medium-sized enterprises through business financing and consultation services.

Digital banking services include internet banking, mobile banking, ATM networks, and electronic payment systems. As of March 2024, the bank manages approximately 377.5 billion yen in deposits and 153.8 billion yen in loans, serving over 44,000 members.

Question 6

What makes Shimanami Shinkin Bank unique?

Accepted Answer

Shimanami Shinkin Bank stands out for its geographic focus on the unique island and coastal communities of the Seto Inland Sea region. The bank serves as a financial bridge connecting these communities, much like the Shimanami Kaido bridges physically connect the islands.

The institution emphasizes its role in regional development and community prosperity, operating under the management philosophy of contributing to regional society alongside its members. The bank actively engages in social contribution activities, including environmental initiatives, community support programs, and partnerships with local organizations.

Question 7

What type of financial institution is Shimanami Shinkin Bank?

Accepted Answer

Shimanami Shinkin Bank is a Shinkin bank, which is a cooperative regional financial institution unique to Japan's banking system. Shinkin banks operate as credit cooperatives that prioritize member benefits and regional economic development rather than profit maximization.

Regulated by the Financial Services Agency and supported by the Shinkin Central Bank, the institution operates under cooperative principles where members have voting rights and participate in governance through representative assemblies.

Shimanami Shinkin Bank

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About Shimanami Shinkin Bank in Japan