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84:. While TKB had a large base of individual and small business customers, Mitsui had a complementary base of larger institutional clients. The merger was aimed at leveraging these synergies, as well as providing stronger competition against European banks, which were expected to consolidate following a deregulation in 1992.
120:. The merger was approved in June 2000 and combined Sakura's strong retail operation and eastern Japan presence with Sumitomo's strong wholesale operation and western Japan presence. The merger created the world's third-largest banking group at the time, after
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during the 1990s and was the largest retail bank in Japan by several measures, including housing loan and investment trust sales.
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Sakura incurred massive bad loan write-offs in 1998 and approached one of its major corporate customers,
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was a
Japanese bank based in Tokyo and Kobe. It was formed in April 1990 as the
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233:"Sakura Bank Opens An Internet-only Bank in Japan and Plans To Back Another"
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Former Sakura Bank headquarters in Kudan, Tokyo (now the headquarters of
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68:(founded 1973). The Sakura Bank name was adopted in April 1992.
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The TKB-Mitsui merger, agreed in 1989 during the height of the
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182:"STRATEGIC INTENT AND SUMITOMO MITSUI BANKING CORPORATION"
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to establish a second online banking operation in Japan.
135:"MITKJPJT," derived from the "Mitsui Taiyo Kobe" name.
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Sakura became a major corporate and retail bank in the
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Companies formerly listed on the London Stock
Exchange
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Companies formerly listed on the Tokyo Stock
Exchange
207:"Toyota Rules Out Bailout Of Troubled Affiliate Bank"
153:"2 Japanese Banks Merging In Preparation for New Era"
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101:Sakura led the consortium that established
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124:and the pending merger that would form
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516:This Asian bank-related article is a
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187:. Sumitomo Mitsui Banking Corporation
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407:Sumitomo Mitsui Banking Corporation
118:Sumitomo Mitsui Banking Corporation
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372:Cholamandalam MS General Insurance
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116:on April 1, 2001, forming the
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58:Mitsui Taiyo Kobe Bank (MTKB)
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520:. You can help Knowledge by
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422:SMBC Aviation Capital
131:Sakura Bank used the
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454:West Midlands Trains
384:Penske Truck Leasing
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112:Sakura merged with
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213:. 19 December 1998
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265:. 15 October 1999
239:. 10 January 2001
114:The Sumitomo Bank
60:by the merger of
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159:. 30 August 1989
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161:. Retrieved
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51:Sakura GinkΕ
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62:Mitsui Bank
32:Aozora Bank
561:Categories
139:References
133:SWIFT code
473:Related
269:7 April
243:7 April
217:7 April
191:7 April
163:7 April
72:History
597:Mitsui
312:Mitsui
96:Toyota
456:(15%)
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367:Amlin
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185:(PDF)
45:γγγιθ‘
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271:2015
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165:2015
107:Sony
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