September 19, 2000
The Sakura Bank, Ltd.
The Sumitomo Bank, Ltd.
Nippon Life Insurance Co.
The Tokyo Electric Power Co., Inc.
Mitsui & Co., Ltd.
NTT DoCoMo, Inc.
Nippon Telegraph and Telephone East Corp.
Establishment of "The Japan Net Bank, Ltd."
The Sakura Bank, Ltd. (Akishige Okada, President), The Sumitomo Bank, Ltd. (Yoshifumi Nishikawa, President), Fujitsu Ltd. (Naoyuki Akikusa, President), Nippon Life Insurance Co. (Ikuo Uno, President), The Tokyo Electric Power Co., Inc. (Nobuya Minami, President), Mitsui & Co., Ltd. (Shinjiro Shimizu, President), NTT DoCoMo, Inc. (Keiji Tachikawa, President) and Nippon Telegraph and Telephone East Corp. (Hidekazu Inoue, President) jointly established "The Japan Net Bank, Ltd."(JNB), the first Internet / Online specialized bank in Japan, today.
JNB will start business in October as soon as it receives the banking license for which it applies within a few weeks.
JNB aims to be a bank of the 21st century, offering highly convenient financial functions based on the expansion of Internet community and IT revolution in Japan.
The outlines of JNB are as follows;
Outlines of "the Japan Net Bank, Ltd."
||Name of Company
||Kabushiki Kaisha Japan Net Ginko
(English Name: The Japan Net Bank, Limited)
||1-1, Nishi-shinjuku 2-chome, Shinjuku-ku, Tokyo
(6th Floor of Shinjuku Mitsui Building)
|The Sakura Bank, Ltd.
|The Sumitomo Bank, Ltd.
|Nippon Life Insurance Co.
|The Tokyo Electric Power Co., Inc.
|Mitsui & Co., Ltd.
|NTT DoCoMo, Inc.
|Nippon Telegraph and Telephone East Corp.
|5 directors including president (transferred from Sakura Bank, name of the president: Yoshiyuki Miyai)
1 standing auditor (transferred from Sakura Bank)
2 auditors (transferred from Fujitsu and from Nippon Life Insurance)
||44 as full-time employees and around 50 as customer center staff
(at the start of
||approx. 1,000 location (about 4,500 ATM)
||approx. 1,000 stores (about 1,000 ATM)
|Current deposit, Term deposit, Money transfer,
Small-size consumer loan etc.
||Internet, Dial-up, Mail order, Telephone, ATM
(real channel = Head Office only)
||Number of accounts = 1 million
Deposit balance = \1 trillion
||Start of Business
||October 12, 2000 (plan)
Copyright(C)2000 THE SAKURA BANK, LIMITED