Japanese Top 50 2000: Business as usual

December 01, 2000

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%

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Banking Capital Markets December 2000