A Tokyo Shoko Research survey identified the main banking relationships of 118,259 companies headquartered in the Tohoku region. The 77 Bank ranked first with a 15.0% share, expanding its share from the previous year.
Tokyo Shoko Research surveyed the main banking relationships of 118,259 companies headquartered in the Tohoku region, finding that The 77 Bank (Sendai) ranked first with a 15.0% share. Aomori Michinoku Bank ranked second at 10.6%, followed by Toho Bank in third at 8.7%, Akita Bank in fourth at 7.0%, Iwate Bank in fifth at 6.3%, and Yamagata Bank in sixth at 5.2%.
The 77 Bank expanded its share by 0.24 percentage points from the previous year, prompting the view that it is engaged in an aggressive campaign to win customers and capture share in other prefectures. Among financial groups in the Tohoku region, the Akita-Iwate Alliance ranked next in scale to The 77 Bank with a 13.4% share, followed by the regional-bank group comprising Kirayaka Bank and Sendai Bank under Jimoto Holdings and Fukushima Bank at 8.0%, and FIDEA Holdings, comprising Shonai Bank and Hokuto Bank, at 6.2%.
Attention will focus going forward on the planned FIDEA Bank, which is to be established following the merger of Shonai Bank and Hokuto Bank. The trend toward mergers and group formation could affect the structure of main banking relationships in the Tohoku region, according to the survey.