- Shinkin bank
A nihongo|Shinkin bank|信用金庫|Shinyō kinko is a type of
Japan esebank .They are cooperative regional financial institutions serving small and medium enterprises and local residents. Anyone who lives, works, or has an office in the region served by the bank can become a member. However, companies with over 300 employees are prohibited from membership.
The
Shinkin Central Bank serves as thecentral bank for the Shinkin banks. In this role it makes loans to and accepts deposits from Shinkin banks. The supervising authority is theFinancial Services Agency .Shinkin banks were founded in
1951 . They were created to serve some of the same functions ascredit union s, but can accept deposit from non-members (inside and outside their area) without limitation and make loans to the "graduated" (outgrew the membership qualifications) members [http://www.shinkin.org/what/history/main.html#1-3 retrieved at 31 July 2007] .As of March 2006, there were 292 Shinkin banks with 109,221 billion yen in loans.
References
External links
* [http://www.shinkin-central-bank.jp/ir/company/company06_e.html Information from the Shinkin Central Bank]
* [http://www.scbri.jp/index_e.htm Shinkin Central Bank Research Institute]
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