Norinchukin Bank

This article does not cite any sources. Please help by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Norinchukin Bank" – news · newspapers · books · scholar · JSTOR (June 2023) (Learn how and when to remove this message)

You can help expand this article with text translated from the corresponding article in Japanese. (November 2023) Click [show] for important translation instructions. Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wik.ipedia.Pro. Consider adding a topic to this template: there are already 1,275 articles in the main category, and specifying|topic= will aid in categorization. Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article. You must provide copyright attribution in the accompanying your translation by providing an interlanguage link to the source of your translation. A model attribution edit summary is Content in this edit is translated from the existing Japanese Wik.ipedia.Pro article at [[:ja:農林中央金庫]]; see its history for attribution. You may also add the template {{Translated|ja|農林中央金庫}} to the talk page. For more guidance, see Wik.ipedia.Pro:Translation.

Norinchukin

Company type	Cooperative bank
Industry	Financial services
Founded	20 December 1923; 100 years ago (1923-12-20)
Headquarters	DN Tower 21, Tokyo , Japan
Key people	Yoshio Kono (President and CEO) Mamoru Moteki (Chairman)
Total assets	JPY 70.76 trillion (US$ 844.4 billion)
Number of employees	3,229
Website	nochubank.or.jp

The Norinchukin Bank (農林中央金庫, Nōrin Chūō Kinko, lit. "Central Credit Union for Agriculture and Forestry [Cooperatives]"), also referred to as Nochu Bank, is a Japanese cooperative bank serving over 5,612 agricultural, fishing and forestry cooperatives from its headquarters in Tokyo.

Nochu is one of Japan's largest institutional investors with an investment portfolio of more than US$400 billion and assets exceeding US$840 billion. Through overseas branches located in New York City, London, and Singapore, it invests in bond, securitization products, stock, private equity, and real estate. Its large assets of US$840 billion are managed by only around 3,200 employees, as the bank is mainly engaged in asset management and large scale corporate financing. It has 41 offices throughout Japan and five overseas branches.

Nochu's member cooperatives include federations such as the Japan Agricultural Cooperatives (JA) and the Japan Fishery Cooperatives (JF). Norinchukin supports political lobbying against agricultural imports and the deterioration of living standards in rural areas.

The Norinchukin Bank was founded on 20 December 1923 by the Japanese government to support the country's agriculture industry. Norinchukin is derived from the bank's Japanese name Nō - Rin - Chūō - Kinko (Agriculture - forestry - central - credit union). Norinchukin suffered from a lack of investment funds during World War II, due to restrictions by the Japanese government. After the war, Norinchukin played an important role in rebuilding the country. Once the government encouraged divestment in the textile industry, Norinchukin formed a political lobby to support the agriculture sector. In 1979, Norinchukin set up an international department and formed a relationship with the Bank of Japan. Low interest rates in the 1980s impacted Norinchukin's profitability. The Japanese government adjusted the charter of Norinchukin in 1986 and allowed the bank to operate as a commercial bank. Following the global recession in 2008, Norinchukin indicated it had ¥9.7 billion in losses related to the subprime mortgage crisis. For the 2009 fiscal year, Norinchukin posted a net income of ¥29.5 billion.

• 
  First head office building of Norinchukin Bank in Tokyo
• 
  Norinchukin head office building in Ōtemachi, Chiyoda, Tokyo

• Official Website