is a Japanese regional bank that mainly operates in

Nara Prefecture is a Prefectures of Japan, prefecture of Japan located in the Kansai region of Honshu. Nara Prefecture has a population of 1,321,805 and has a geographic area of . Nara Prefecture borders Kyoto Prefecture to the north, Osaka Prefecture to the ...

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

. The bank, established in June 1934, has 136 domestic branches in

Nara The National Archives and Records Administration (NARA) is an independent agency of the United States government within the executive branch, charged with the preservation and documentation of government and historical records. It is also task ...

Osaka is a Cities designated by government ordinance of Japan, designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the List of cities in Japan, third-most populous city in J ...

Kyoto Kyoto ( or ; Japanese language, Japanese: , ''Kyōto'' ), officially , is the capital city of Kyoto Prefecture in the Kansai region of Japan's largest and most populous island of Honshu. , the city had a population of 1.46 million, making it t ...

, Hyogo, Mie,

Wakayama Wakayama may refer to: * Wakayama Prefecture, a prefecture of Japan * Wakayama (city), the capital city of Wakayama Prefecture, Japan * Wakayama Station, a train station in Wakayama, Wakayama * Wakayama University, a national university in Wakayama, ...

, and

Tokyo Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...

as well as representative offices in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

and

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

, China. The Nanto Bank commands 48.4% of all deposits and 50.5% of all lending in Nara Prefecture that mainly serves as bedroom communities for neighboring

, with a population of 1,421,000. The total assets of the bank reached 4.61 trillion yen as of March 2009. The bank provides general banking services such as deposits, loans, and exchange transactions, as well as other financial services including securities brokerage,

letter of credit A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exp ...

, credit cards, leasing, and software development. Due to the recent shrinking tendency in population in Nara, the strategy of the Nanto Bank is to seek growth in neighboring Osaka while providing wealth management products to the retail banking market in Nara. India's largest power producer NTPC has agreed a loan of Rs 3,582

crore Crore (; abbreviated cr) denotes the quantity ten million (107) and is equal to 100 lakh in the Indian numbering system. In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the India ...

with Nanto Bank in 2020. The loan funds are for

Flue Gas Desulphurization Flue-gas desulfurization (FGD) is a set of technologies used to remove sulfur dioxide () from exhaust flue gases of fossil-fuel power plants, and from the emissions of other sulfur oxide emitting processes such as waste incineration, petroleum ...

(FGD) and

renewable energy Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind pow ...

projects. Nanto Bank has initiated structural reforms in 2020, under which it plans to reduce the number of branches by about 30 per cent in 10 years and also reduce the number of employees to about 2,000 (from 2,500) in five years.

Major Stockholders

As of March 31, 2015, the top 10 stockholders of Nanto Bank are:http://www.nantobank.co.jp/investor/english/pdf/nantobk_15a_all.pdf Nanto Bank Annual Report 2015

References

External links

Information Meeting / Annual Report
Banks established in 1934 Regional banks of Japan Companies listed on the Tokyo Stock Exchange Companies listed on the Osaka Exchange Meiji Yasuda Life 1934 establishments in Japan {{japan-company-stub