December 2000

Japanese Top 50 2000: Business as usual


This year’s ranking of the top 50 biggest banks in Japan shows few changes from last year, though continuing consolidation will result in the formation of at least four major banking groups. In the meantime, profitability remains dismal – blame continued lending to ailing companies in construction, property and retail; low interest-rates; disintermediation; and falling revenue from equity and bond portfolios. By Andrew Newby, tables from Moody’s


Japanese Top 50
Rank 2000 Pro-forma ranking 99 Bank Fiscal period Shareholder equity ($m) Equity growth Total assets ($m) Asset growth Net income ($m) Income growth RoE period end Moody's ratings (at Nov 1 2000)
1 1 Bank of Tokyo Mitsubishi [1] 2000 27,821 19.50% 729,286 9.90% 1,247 -270.00% 4.50% A2/P-1/D+
2 2 Dai-Ichi Kangyo Bank [2] 2000 23,949 18.00% 507,006 9.40% 691 -118.40% 2.90% A3/P-1/E+
3 3 Fuji Bank [2] 2000 21,914 19.30% 567,928 16.10% 515 -114.50% 2.40% A3/P-1/E+
4 4 Sakura Bank [3] 2000 21,534 17.30% 472,851 14.30% 610 -115.10% 2.80% A3/P-1/E+
5 5 Sanwa Bank [4] 2000 21,333 21.30% 457,313 7.50% 1,165 -129.30% 5.50% A3/P-1/E+
6 6 Sumitomo Bank [3] 2000 17,593 18.60% 524,254 12.90% 603 -112.60% 3.40% A3/P-1/E+
7 7 Norinchukin Bank 2000 16,384 16.60% 501,899 21.00% 797 63.30% 4.90% A1/P-1/D+
8 9 Industrial Bank of Japan [2] 2000 15,868 20.40% 414,064 6.20% 690 -145.10% 4.30% A3/P-1/E+
9 8 Tokai Bank [4] 2000 15,451 17.00% 297,872 10.80% 406 -116.80% 2.60% A3/P-1/E+
10 10 Asahi Bank 2000 13,535 17.00% 280,696 13.50% 306 -114.30% 2.30% Baa1/P-2/E+
11 11 Chuo Mitsui Trust (pro-forma) 2000 11,115 20.60% 149,157 19.70% 466 -123.10% 4.20% Baa3/P-3/E
12 12 Daiwa Bank 2000 8,316 18.30% 149,716 14.70% 290 -119.60% 3.50% Baa3/P-3/E
13 13 Mitsubishi Trust & Banking [1] 2000 8,265 20.50% 161,485 8.50% 440 -132.00% 5.30% A3/P-2/E+
14 14 Sumitomo Trust & Banking 2000 7,172 21.00% 151,353 19.00% 314 -127.20% 4.40% Baa2/P-2/E+
15 18 Shinkin Central Bank 2000 6,080 48.00% 210,006 29.60% 407 84.70% 6.70% A1/P-1/D+
16 15 Shokochukin Bank 2000 5,900 19.90% 135,630 10.30% -156 -58.70% -2.60% Aa3/P-1/E+
17 16 Toyo Trust & Banking [4] 2000 5,633 21.60% 80,674 20.50% 53 -104.00% 0.90% Baa2/P-2/E+
18 17 Shizuoka Bank 2000 4,985 18.40% 76,357 16.40% 257 83.80% 5.10% Aa3/P-1/B
19 19 Bank of Yokohama 2000 4,190 22.50% 104,604 10.00% 272 -126.30% 6.50% Baa2/P-2/E+
20 20 Joyo Bank 2000 3,675 16.00% 66,001 13.20% 107 238.90% 2.90% A3/P-2/D+
21 21 Yasuda Trust & Banking 2000 3,588 23.10% 63,921 9.30% 247 -107.30% 6.90% Baa1/P-2/E
22 22 Bank of Fukuoka 2000 3,268 16.40% 64,125 10.30% 30 46.50% 0.90% A3/P-2/D+
23 23 Chiba Bank 2000 3,139 21.00% 75,464 16.70% 179 -142.90% 5.70% A3/P-2/D
24 24 Hachijyuni Bank 2000 2,797 13.70% 55,065 15.70% 121 314.30% 4.30% A2/P-1/C
25 32 Hokuriku Bank 2000 2,732 66.80% 58,224 7.60% 105 -117.80% 3.80% Baa3/P-3/E
26 25 Chugoku Bank 2000 2,711 17.60% 49,257 16.10% 58 -22.40% 2.10% A1/P-1/C+
27 26 Gunma Bank 2000 2,667 19.80% 52,349 12.90% 121 -211.80% 4.50% A2/P-1/C
28 27 Yamaguchi Bank 2000 2,596 17.10% 46,203 15.80% 35 155.70% 1.40% A2/P-1/C
29 28 The 77 Bank 2000 2,383 22.20% 48,692 17.10% 150 86.30% 6.30% A1/P-1/C+
30 50 Ashikaga Bank 2000 2,353 233.40% 53,674 4.20% 97 -109.80% 4.10% Baa3/P-3/E
31 29 Nishi-Nippon Bank 2000 2,143 16.30% 44,202 12.60% 34 630.60% 1.60% Baa1/P-2/D
32 30 Hiroshima Bank 2000 2,039 15.70% 55,023 12.50% 33 44.60% 1.60% Baa2/P-2/E+
33 31 Iyo Bank 2000 1,956 17.40% 36,985 17.80% 60 72.50% 3.10% A3/P-2/D+
34 33 Hokkoku Bank 2000 1,808 13.80% 27,667 16.20% 44 70.30% 2.40% --/--/--
35 34 Hyakujushi Bank 2000 1,769 14.70% 33,118 15.20% 13 -60.70% 0.80% Baa1/P-2/D
36 35 Nanto Bank 2000 1,743 16.10% 37,762 14.40% 11 -106.60% 0.60% Baa1/P-2/D
37 38 San-in Godo Bank 2000 1,717 20.50% 33,861 14.30% 76 265.70% 4.40% Baa1/P-2/D
38 37 Jyuroku Bank 2000 1,706 15.70% 38,080 15.30% 26 33.00% 1.50% Baa1/P-2/D
39 36 Daishi Bank 2000 1,704 15.00% 36,845 16.80% 46 348.00% 2.70% Baa1/P-2/D
40 42 Higo Bank 2000 1,691 32.50% 30,532 20.90% 49 15.20% 2.90% A2/P-1/C
41 39 North Pacific Bank 2000 1,612 19.10% 52,346 14.80% 57 137.90% 3.60% Baa2/P-2/D
42 40 Shiga Bank 2000 1,562 17.30% 35,376 16.30% 36 39.90% 2.30% Baa2/P-2/D
43 41 Kagoshima Bank 2000 1,540 19.00% 26,813 20.20% 54 233.60% 3.50% --/--/--
44 43 Bank of Kyoto 2000 1,511 19.60% 39,831 15.00% 54 -142.20% 3.60% Baa1/P-2/D
45 44 Hyakugo Bank 2000 1,401 15.80% 32,657 17.10% 26 -18.20% 1.80% A3/P-2/D+
46 45 Keiyo Bank 2000 1,398 16.20% 25,495 14.30% 25 -131.20% 1.80% --/--/--
47 46 Eighteenth Bank 2000 1,305 15.00% 20,200 12.20% 2 -68.10% 0.20% --/--/--
48 47 Suruga Bank 2000 1,191 11.50% 28,313 13.90% 87 -178.00% 7.30% A3/P-2/D+
49 49 Fukuoka City Bank 2000 1,160 22.70% 30,229 13.50% 37 -121.90% 3.20% Baa3/P-3/E+
50 48 Bank of Nagoya 2000 1,145 19.50% 26,564 15.40% 44 -216.90% 3.90% --/--/--
 
[1] BoTM, Mitsubishi Trust, and Nippon Trust will establish a holding company, Mitsubishi Tokyo Financial Group, on 4/2001.
[2] IBJ, DKB, and Fuji Bank established a holding company, Mizuho Financial Group, on 9/2000.
[3] Sakura and Sumitomo Bank will merge on 4/2001.
[4] Sanwa, Tokai and Toyo Trust bank will establish a holding company, UFJ Holdings, on 4/2001.


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