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Asahi Shinkin Bank signage and logo

Asahi Shinkin Bank signage and logo=Date:December 7, 2023, Place:Tokyo

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Asahi Shinkin Bank signage and logo

Asahi Shinkin Bank signage and logo=Date:December 7, 2023, Place:Tokyo

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Bomb-like object found near Korean-operated bank in Niigata

NIIGATA, Japan - Police are mobilized July 30 to remove a bomb-like object near the Niigata branch of Hana Credit Union, a local bank with ties to North Korea. The Asahi Shimbun received a call July 29 from a man who told the newspaper that a gunshot had been fired at the Niigata office of the General Association of Korean Residents in Japan (Chongryon) and a bomb placed at the Korean bank.

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Resona, Saitama Resona banks begin operations

OSAKA, Japan - Ikuo Yanase (R), vice president of Resona Holdings Inc., Yasuhisa Katsuta (C), president of Resona Bank, and Tetsuo Morishige, vice president of Resona Bank, cut a tape to mark the start of the bank's business at its head office in Osaka on March 3. Resona Bank and Saitama Resona Bank were created by the integration of Daiwa Bank and Asahi Bank on March 1.

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Resona foresees group net loss of 185 bil. yen for FY 2002

TOKYO, Japan - Yasuhisa Katsuta, president of Resona Holdings Inc., the holding company for Daiwa Bank and Asahi Bank, speaks at a press conference at the Bank of Japan's head office in Tokyo on Feb. 12 about a forecast for its earnings for fiscal 2002.

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Daiwa Bank Holdings president to become head of Resona Bank

OSAKA, Japan - Daiwa Bank Holdings Inc. President Yasuhisa Katsuta (R) speaks at a news conference in Osaka on Aug. 28, flanked by Asahi Bank President and Daiwa Bank Holdings Vice President Yukio Yanase (L). Katsuta is to become the head of Resona Bank, which will be created in March 2003 through the merger of Daiwa Bank and Asahi Bank. Yanase will replace Katsuta after the holding company is renamed Resona Holdings Inc. in October 2002.

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Asahi joins Daiwa Bank Holdings

OSAKA, Japan - Yasuhisa Katsuta (standing), president of Daiwa Bank Holdings Inc., speaks March 1 at a ceremony in Osaka to mark Asahi Bank's entry into the Daiwa group to form Japan's fifth-largest banking group. At left is Asahi Bank President Yukio Yanase, who was appointed vice president of Daiwa Bank Holdings.

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Asahi Bank forecasts full-year net loss of 530 bil. yen

TOKYO, Japan - Asahi Bank President Yukio Yanase tells reporters in Tokyo on Nov. 20 his bad loan-swamped bank has revised its group net income forecast for the whole of fiscal 2001 sharply downward to a loss of 530 billion yen, a dramatic reversal from its May forecast of a 36 billion yen profit.

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Asahi Bank shares hit new low on speculative trading

TOKYO, Japan - Asahi Bank President Ikuo Yanase holds a press conference at the head office of the Bank of Japan in Tokyo on Nov. 8 after Asahi shares fell to 76 yen on the Tokyo Stock Exchange, a new low for the year. Yanase said the plunge was due to speculative trading aimed at quick profits.

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Asahi Bank scraps adviser posts, cuts exec salaries

TOKYO, Japan - Yukio Yanase, the new president of Asahi Bank, said at a news conference Oct. 26 in Tokyo that the bank will abolish adviser posts as part of measures to improve the bank's management. Yanase assumed the presidency the same day to replace Tatsuro Ito.

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Daiwa, Asahi banks agree to integrate management

OSAKA, Japan - Nara Bank President Masao Nomura (L), Asahi Bank President Tatsuro Ito (2nd from L), Daiwa Bank President Yasuhisa Katsuta (2nd from R) and Kinki Osaka Bank President Yasuhiro Takatani join hands at a press conference at Daiwa Bank's head office in Osaka on Sept. 21. They announced the formation of Japan's fifth-largest banking group with 50.4 trillion yen in combined assets.

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Asahi Bank set for loss

TOKYO, Japan - Asahi Bank Managing Director Yukio Yanase speaks at a news conference in Tokyo on March 23. Yanase said his bank will take a big loss this fiscal year to clean up bad debt and regain market trust in the banking sector. He said the sum of bad-loan disposals will be 310 billion yen, forcing the bank to suffer a group net loss of 10 billion yen in a major turnaround from an earlier projected 30 billion yen net profit.

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Hundreds of companies hold shareholders meetings

TOKYO, Japan - A shareholder (L) in Asahi Bank attends a shareholders meeting in Tokyo's Otemachi district on June 28. The bank was among about 200 companies in Japan that held their shareholders meetings that day. More meetings were to take place the following day. Asahi Bank recently announced it has canceled its planned integration with Sanwa and Tokai banks.

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Tokai and Sanwa to go ahead with merger plan

TOKYO, Japan - Kaneo Muromaci (L), president of Sanwa Bank, and Hideo Ogasawara, president of Tokai Bank, meet reporters at a news conference in Tokyo on June 15 follwong Asahi Bank's announcement of a decision to pull out of a tripartite alliance. Tokai and Sanwa said they have agreed to start talks on setting up a joint holding company in April 2001 and possibly a merger in April 2002.

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Asahi to pull out from integration with Sanwa, Tokai

TOKYO, Japan - Asahi Bank President Tatsuro Ito speaks at a news conference June 15 on his bank's decision to pull out of a planned integration of operations with two other major commercial banks -- Tokai Bank and Sanwa Bank. He said Asahi will realize its own strategy of evolving into a multiregional bank focusing on the Tokyo metropolitan area.

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Asahi, Tokai banks to form holding firm

TOKYO, Japan - Asahi Bank President Tatsuro Ito (L) and Tokai Bank President Hideo Ogasawara speak at a joint press conference Oct. 7 on an agreement to set up a joint holding company in October 2000 with the aim of integrating their operations. The integration will create a new banking group that will be the third largest in Japan with combined assets of some 59 trillion yen.

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Tokai, Asahi banks to tie up

Tatsuro Ito (L), president of Asahi Bank, and Hideo Ogasawara(R), president of Tokai Bank, shake hands at the Bank of Japan in Tokyo on Sept. 28 after announcing a broad-based tie-up deal that features cross-shareholding and joint development of financial products for sale to consumers. Tokai and Asahi banks are Japan's seventh and eighth largest, respectively, among the nation's nine major commercial banks.

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Asahi Bank shares hit new low on speculative trading

TOKYO, Japan - Asahi Bank President Ikuo Yanase holds a press conference at the head office of the Bank of Japan in Tokyo on Nov. 8 after Asahi shares fell to 76 yen on the Tokyo Stock Exchange, a new low for the year. Yanase said the plunge was due to speculative trading aimed at quick profits.

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Asahi Bank forecasts full-year net loss of 530 bil. yen

TOKYO, Japan - Asahi Bank President Yukio Yanase tells reporters in Tokyo on Nov. 20 his bad loan-swamped bank has revised its group net income forecast for the whole of fiscal 2001 sharply downward to a loss of 530 billion yen, a dramatic reversal from its May forecast of a 36 billion yen profit.

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Resona foresees group net loss of 185 bil. yen for FY 2002

TOKYO, Japan - Yasuhisa Katsuta, president of Resona Holdings Inc., the holding company for Daiwa Bank and Asahi Bank, speaks at a press conference at the Bank of Japan's head office in Tokyo on Feb. 12 about a forecast for its earnings for fiscal 2002. (Kyodo)

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Asahi joins Daiwa Bank Holdings

OSAKA, Japan - Yasuhisa Katsuta (standing), president of Daiwa Bank Holdings Inc., speaks March 1 at a ceremony in Osaka to mark Asahi Bank's entry into the Daiwa group to form Japan's fifth-largest banking group. At left is Asahi Bank President Yukio Yanase, who was appointed vice president of Daiwa Bank Holdings.

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Bomb-like object found near Korean-operated bank in Niigata

NIIGATA, Japan - Police are mobilized July 30 to remove a bomb-like object near the Niigata branch of Hana Credit Union, a local bank with ties to North Korea. The Asahi Shimbun received a call July 29 from a man who told the newspaper that a gunshot had been fired at the Niigata office of the General Association of Korean Residents in Japan (Chongryon) and a bomb placed at the Korean bank. (Kyodo)

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Resona, Saitama Resona banks begin operations

OSAKA, Japan - Ikuo Yanase (R), vice president of Resona Holdings Inc., Yasuhisa Katsuta (C), president of Resona Bank, and Tetsuo Morishige, vice president of Resona Bank, cut a tape to mark the start of the bank's business at its head office in Osaka on March 3. Resona Bank and Saitama Resona Bank were created by the integration of Daiwa Bank and Asahi Bank on March 1. (Kyodo)

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Daiwa Bank Holdings president to become head of Resona Bank

OSAKA, Japan - Daiwa Bank Holdings Inc. President Yasuhisa Katsuta (R) speaks at a news conference in Osaka on Aug. 28, flanked by Asahi Bank President and Daiwa Bank Holdings Vice President Yukio Yanase (L). Katsuta is to become the head of Resona Bank, which will be created in March 2003 through the merger of Daiwa Bank and Asahi Bank. Yanase will replace Katsuta after the holding company is renamed Resona Holdings Inc. in October 2002. (Kyodo)

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Daiwa, Asahi banks agree to integrate management

OSAKA, Japan - Nara Bank President Masao Nomura (L), Asahi Bank President Tatsuro Ito (2nd from L), Daiwa Bank President Yasuhisa Katsuta (2nd from R) and Kinki Osaka Bank President Yasuhiro Takatani join hands at a press conference at Daiwa Bank's head office in Osaka on Sept. 21. They announced the formation of Japan's fifth-largest banking group with 50.4 trillion yen in combined assets.

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Asahi Bank set for loss

TOKYO, Japan - Asahi Bank Managing Director Yukio Yanase speaks at a news conference in Tokyo on March 23. Yanase said his bank will take a big loss this fiscal year to clean up bad debt and regain market trust in the banking sector. He said the sum of bad-loan disposals will be 310 billion yen, forcing the bank to suffer a group net loss of 10 billion yen in a major turnaround from an earlier projected 30 billion yen net profit.

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Hundreds of companies hold shareholders meetings

TOKYO, Japan - A shareholder (L) in Asahi Bank attends a shareholders meeting in Tokyo's Otemachi district on June 28. The bank was among about 200 companies in Japan that held their shareholders meetings that day. More meetings were to take place the following day. Asahi Bank recently announced it has canceled its planned integration with Sanwa and Tokai banks.

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Tokai and Sanwa to go ahead with merger plan

TOKYO, Japan - Kaneo Muromaci (L), president of Sanwa Bank, and Hideo Ogasawara, president of Tokai Bank, meet reporters at a news conference in Tokyo on June 15 follwong Asahi Bank's announcement of a decision to pull out of a tripartite alliance. Tokai and Sanwa said they have agreed to start talks on setting up a joint holding company in April 2001 and possibly a merger in April 2002.

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Asahi to pull out from integration with Sanwa, Tokai

TOKYO, Japan - Asahi Bank President Tatsuro Ito speaks at a news conference June 15 on his bank's decision to pull out of a planned integration of operations with two other major commercial banks -- Tokai Bank and Sanwa Bank. He said Asahi will realize its own strategy of evolving into a multiregional bank focusing on the Tokyo metropolitan area.

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Sanwa, Tokai, Asahi banks to form banking group

TOKYO, Japan - Sanwa Bank, Tokai Bank and Asahi Bank announce March 14 they will set up a joint holding company in April 2001 to form Japan's 2nd largest banking group. Photo shows the three banks' presidents -- (from L to R) Kaneo Muromachi of Sanwa Bank, Tatsuro Ito of Asahi Bank and Hideo Ogasawara of Tokai Bank -- after making the announcement at a Tokyo hotel.

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Asahi, Tokai banks to form holding firm

TOKYO, Japan - Asahi Bank President Tatsuro Ito (L) and Tokai Bank President Hideo Ogasawara speak at a joint press conference Oct. 7 on an agreement to set up a joint holding company in October 2000 with the aim of integrating their operations. The integration will create a new banking group that will be the third largest in Japan with combined assets of some 59 trillion yen.

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Tokai, Asahi banks to tie up

Tatsuro Ito (L), president of Asahi Bank, and Hideo Ogasawara (R), president of Tokai Bank, shake hands at the Bank of Japan in Tokyo on Sept. 28 after announcing a broad-based tie-up deal that features cross-shareholding and joint development of financial products for sale to consumers. Tokai and Asahi banks are Japan's seventh and eighth largest, respectively, among the nation's nine major commercial banks. ==Kyodo