The Norinchukin Bank is a financial institution established by Japan Agricultural Cooperatives (JA), Japan Fishery Cooperatives (JF), Japan Forestry Cooperatives (JForest) and other members of the agriculture, fishery and forestry cooperative system. As a private financial institution based on the Norinchukin Bank Law, The Norinchukin Bank plays a major role in Japanese society as a contributor to the development of the nation's economy and as a supporter of the advancement of the agricultural, fisheries and forestry industries through the provision of financial services to its members.
The Norinchukin Bank (also known as Nochu Bank) is a Japanese cooperative bank, headquartered in Tokyo. It was founded in 1923 by the Japanese government to support its agricultural industry. It provides funding for agricultural, fishing and forestry cooperatives. The bank is also one of Japan’s largest institutional investors and invests in bonds, securitisation products, stocks, private equity and real estate, also through its overseas branches in New York, London and Singapore. The Norinchukin Bank adopted the Equator Principles in 2017, and is profiled as part of BankTrack's
The Norinchukin Bank operates as a cooperative financial institution. It offers various banking services, such as accepting deposits and remitting funds. The company also provides financial support for the development of Japan’s agricultural, fisheries, and forestry industries, as well as for leaders, cooperative organizations, etc.; and financing for corporations and public sectors. In addition, it offers guidance on business and day-to-day matters for farmers, fishermen, and foresters; marketing and supplying through the sale of agricultural, fisheries, and forestry products, as well as procurement of production materials; and mutual insurance coverage for various unforeseen events. Furthe...
The Norinchukin Bank, one of Japan’s largest and oldest financial institutions, will locate its new European office in Amsterdam in 2019. The bank announced that it is making the move in response to the anticipated Brexit and other changes in the economic environment in Europe.
Written by Y2K Project Manager (Former Employee) from Singapore on 16 April 2018
This is an offshore (Japanese) bank. Very professional banking practices and business consuducts. Very friendly with employees as well as external consultants.
Very polite and friendly environment
Long working hrs at times
Norinchukin Bank, the Japanese farmers' lender with most of its money invested overseas, says it sees little choice but to put additional funds into foreign assets this year even as US debt markets become more volatile.
The Norinchukin Bank (also known as Nochu Bank) is a Japanese cooperative bank serving over 5,612 agricultural, fishing and forestry cooperatives from its headquarters in Tokyo. The bank is one of Japan’s largest institutional investors with an investment portfolio of more than US$400 billion and assets exceeding US$840 billion. Through overseas branches located in New York City, London, and Singapore, the bank invests in bond, securitisation product, stock, private equity, and real estate. Since huge assets as much as US$840 billion are managed by only around 3,200 employees, the bank is mainly engaged in asset management and large scale corporate financing. The asset management division is constituted of more than 300 MBA holders from top-tier schools. Its members include cooperative federations such as the Japan Agricultural Cooperatives (JA) and the Japan Fishery Cooperatives (JF). Norinchukin supports political lobbies who oppose agricultural imports and the deterioration of living standards in rural areas. Norinchukin has 41 offices throughout Japan and five overseas branches.
The Norinchukin Bank was founded on December 20, 1923 by the Japanese government to support the country's agriculture industry. Norinchukin is derived from the bank’s Japanese name Nō - Rin - Chūō - Kinko (Agriculture - forestry - central - credit union). Norinchukin suffered from a lack of investment funds during World War II, due to restrictions by the Japanese government. After the war, Norinchukin played an important role in rebuilding the country. Once the government encouraged divestment in the textile industry, Norinchukin formed a political lobby to support the agriculture sector. In 1979, Norinchukin set up an international department and formed a relationship with the Bank of Japan. Low interest rates in the 1980s impacted Norinchukin's profitability. The Japanese government adjusted the charter of Norinchukin in 1986 and allowed the bank to operate as a commercial bank. Following the global recession in 2008, Norinchukin indicated it had ¥9.7 billion in losses related to the subprime mortgage crisis. For the 2009 fiscal year, Norinchukin posted a net income of ¥29.5 billion.