Support for Recovery from the Great East Japan Earthquake

「As part of these initiatives, the Bank offers the Backup Plan, a loan with a principal forgiveness provision in the event of an earthquake, to help local business partners address the risk of a major earthquake after the disaster and support measures against earthquakes, whose occurrence itself cannot be avoided. As of the end of fiscal 2019, cumulative execution of the Backup Plan totaled 36 companies and approximately ¥3 billion.」

「To support the swift recovery and reconstruction of areas affected by the earthquake, the Bank provided detailed support from business reconstruction through post-reconstruction follow-up. This included investments and loans through various funds, core business support such as business matching, responses to various needs including business succession, and financial support advice. In connection with these efforts, the Bank established the Iwagin Housing Loan Desk Kamaishi and the Iwagin Housing Loan Desk Miyako to expand consultation services for customers seeking to rebuild their homes and provide high-quality consulting. It also created the Backup Plan, a loan with a principal forgiveness provision in the event of an earthquake, to help local business partners address the risk of a major earthquake.」

「To support recovery from disasters including Typhoon No. 10 in August 2016 and subsequent heavy rains, the Bank established consultation desks at all branches and created a special disaster recovery loan program to support affected customers in rebuilding their lives.」

「As the final year of the Iwagin Frontier Plan—Recovery and Creation, Toward a Prosperous Future—medium-term management plan, covering the 3 years from fiscal 2013 through fiscal 2015, the Bank worked to support regional recovery and development by strongly supporting the region’s recovery and focusing on the development and promotion of new industries to support the next generation.」