Question 1

What is Amagasaki Shinkin Bank?

Accepted Answer

Amagasaki Shinkin Bank is a Japanese cooperative regional financial institution headquartered in Amagasaki, Hyogo Prefecture. As a shinkin bank, it serves as a community-focused financial institution dedicated to supporting small and medium-sized businesses and local residents through the cooperative principle of mutual assistance.

The bank operates 94 branches across Osaka and Hyogo Prefectures, establishing a significant presence in the Kansai region. Known locally as "Amashin," the institution focuses on providing personalized banking services tailored to the needs of its local community and member businesses.

Question 2

When was Amagasaki Shinkin Bank founded?

Accepted Answer

Amagasaki Shinkin Bank was founded in 1921 as a limited liability credit union called Amagasaki Credit Union. The institution has served the Amagasaki area and surrounding regions for over 100 years, growing from its original establishment to become one of the notable shinkin banks in the Hyogo Prefecture.

Throughout its history, the bank has maintained its commitment to supporting local economic development and providing accessible financial services to community members and small businesses in the region.

Question 3

Where is Amagasaki Shinkin Bank headquartered?

Accepted Answer

Amagasaki Shinkin Bank is headquartered in Amagasaki, a city located in Hyogo Prefecture, Japan. Amagasaki is situated in the southeastern part of Hyogo Prefecture, near Osaka, making it part of the greater Osaka metropolitan area. This strategic location allows the bank to serve both Hyogo and Osaka prefectures effectively.

Question 4

Where does Amagasaki Shinkin Bank operate?

Accepted Answer

Amagasaki Shinkin Bank operates throughout Osaka and Hyogo Prefectures, with a network of 94 branches as of March 2015. The bank's business territory encompasses the industrial and residential areas of these two prefectures, allowing it to serve diverse communities and businesses.

The bank's presence spans from its home base in Amagasaki across neighboring cities and towns in both prefectures, providing accessible banking services to members and customers throughout the region.

Question 5

What services does Amagasaki Shinkin Bank offer?

Accepted Answer

Amagasaki Shinkin Bank provides comprehensive financial services including various deposit accounts, savings products, and time deposits. The bank offers lending services primarily to its members, including business loans for small and medium-sized enterprises, housing loans, consumer loans, and working capital financing.

As a shinkin bank, Amagasaki provides specialized support services for local businesses including startup financing, business succession support, and management consultation. The bank accepts deposits from both members and non-members while restricting most lending to member businesses and individuals.

Additional services include domestic and international fund transfers, payment processing, safe deposit boxes, and financial planning guidance. The bank also offers internet banking and ATM services connected to the nationwide shinkin bank network through the Shinkin Central Bank system.

Question 6

What makes Amagasaki Shinkin Bank unique?

Accepted Answer

Amagasaki Shinkin Bank's strength lies in its deep community connections and over 100 years of service to the Amagasaki area. As a cooperative financial institution, the bank operates on the principle that profits should benefit members through dividends and improved services rather than external shareholders.

The bank's extensive branch network of 94 locations across Osaka and Hyogo Prefectures demonstrates its commitment to accessibility and face-to-face banking relationships. This cooperative structure allows Amagasaki Shinkin Bank to focus on long-term relationships with local businesses and residents rather than short-term profit maximization.

The bank participates in the shinkin bank network, which provides access to the resources and support of the Shinkin Central Bank while maintaining its independence and local focus.

Question 7

What type of financial institution is Amagasaki Shinkin Bank?

Accepted Answer

Amagasaki Shinkin Bank is a shinkin bank (信用金庫, shin-yō kinko), a type of Japanese cooperative regional financial institution. Shinkin banks are distinguished from commercial banks by their cooperative organizational structure and community-focused mission.

Membership in shinkin banks is limited to individuals who live, work, or have offices in the bank's designated service area, and to businesses with fewer than 300 employees or capitalization below 900 million yen. While shinkin banks accept deposits from anyone, their lending is principally restricted to members, and loans to a single borrower cannot exceed 25% of the bank's capital.

Shinkin banks operate under the supervision of the Financial Services Agency of Japan and are supported by the Shinkin Central Bank, which serves as the central financial institution for all shinkin banks nationwide. This cooperative banking model ensures that locally raised funds are used exclusively for local economic development.

Amagasaki Shinkin Bank

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About Amagasaki Shinkin Bank in Japan