is the integrated
retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholes ...
and
corporate banking unit of
Mizuho Financial Group
The , known from 2000 to 2003 as Mizuho Holdings and abbreviated as MHFG or simply Mizuho, is a Japanese banking holding company headquartered in the ÅŒtemachi district of Chiyoda, Tokyo, Japan. The group was formed in 2000-2002 by merger of Dai- ...
(; ). It is one of the largest
financial services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...
company in Japan with total assets of approximately
$1.9 trillion USD in 2023, and considered one of Japan's three so-called megabank groups, along with
MUFG and
SMBC.
Mizuho Bank provides financial products and services to a wide range of clients, including individuals, small and medium-sized enterprises, large corporations, financial institutions and public sector entities. The bank client base extends to 90% of
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
Global 200 companies, and over 80% of the listed companies in Japan. Its headquarters is located in
Otemachi, the prominent business district of Tokyo. With over 505
branches and offices in Japan, it is the only bank to have branches in every
prefecture
A prefecture (from the Latin word, "''praefectura"'') is an administrative jurisdiction traditionally governed by an appointed prefect. This can be a regional or local government subdivision in various countries, or a subdivision in certain inter ...
in Japan. The bank also operates from 110 offices in 40 countries.
The name "Mizuho" is an archaic Japanese term meaning "golden ears of rice," deriving from the classical text ''
Nihon Shoki
The or , sometimes translated as ''The Chronicles of Japan'', is the second-oldest book of classical Japanese history. It is more elaborate and detailed than the , the oldest, and has proven to be an important tool for historians and archaeol ...
'' to describe Japan.
History
Mizuho bank was established in a merger between three major Japanese banks,
Industrial Bank of Japan,
Dai-Ichi Kangyo Bank and
Fuji Bank in 2002. Dai-ichi Kangyo Bank was the successor organisation to
Dai-Ichi Bank, the first Japanese bank established in 1873 by
Shibusawa Eiichi, allowing Mizuho Bank to inherit the "0001" bank code in Japan. The 2002 merger resulted in Mizuho bank becoming the first bank in the world with $1 trillion in total assets, paving the way for other Japanese banks to merge into "megabank" groups, which supported global competitiveness of the Japanese financial industry in early 21st century. In 2013, it merged with Mizuho Corporate Bank, the group bank previously focused on corporate financing businesses.
Services
Mizuho services include current accounts, domestic and international cash cards, international money transfers, credit cards, saving accounts, loans, and Internet banking.
Mizuho is the designated bank for the Japanese lottery.
See also
*
List of banks in Japan
References
External links
Mizuho BankMizuho BankMizuho Financial Group
{{Authority control
Financial services companies established in 2002
Banks established in 2002
Banks of Japan
Financial services companies based in Tokyo
Japanese brands
Investment banks of Japan
Bank, Mizuho
Fuyo Group
Furukawa Group
Conglomerate companies based in Tokyo