Development Bank of Japan

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Development Bank of Japan Inc.
Private
Industry Finance
Predecessor Development Bank of Japan (est. 1951)
Founded in 2008 as Development Bank of Japan Inc.
Headquarters Tokyo, Japan
Number of locations
10 Branches
8 General Offices
2 Overseas Representative Offices
1 Overseas Subsidiary
Key people
President Minoru Murofushi
Products Financing Products
Investment Products
Consulting and Advisory Services
Number of employees
1064 (at the end of 2008)
Website http://www.dbj.jp/en/index.html

Development Bank of Japan Inc. ("DBJ") (株式会社 日本政策投資銀行 Kabushiki-gaisha Nippon-seisaku-tōshi-ginkō?) is a Japanese corporation incorporated on 1 October 2008 under the Development Bank of Japan Inc. Law (Law No. 85 of 2007). Current ownership structure of DBJ is solely owned by the Government of Japan through Minister of Finance.

Overview[edit]

According to its corporate philosophy of "applying financial expertise to design the future," the new DBJ Mission is "to build customer trust and realize an affluent society by problem-solving through creative financial activities. Based on the New DBJ Law, the Bank provides integrated investment and loan services to domestic and international clients. A large number of the clients are Japanese companies requiring basic investments. DBJ provides most of them at low and flexible interest rates, and so the default rate is very low.

History[edit]

  • 1947 January: Establishment of Rehabilitation Finance Corporation
  • 1951 April: Development Bank of Law established. Consequently, Development Bank of Japan was formed
  • 1956 June: Hokkaidō-Tōhoku Development Finance Public Corporation was formed under establishment of Hokkaidō-Tōhoku Development Finance Public Corporation Law (HTDFC Law)
  • 1957 June: After amendment of HTDFC Law, Hokkaidō-Tōhoku Development Finance Public Corporation was merged into Development Bank of Japan
  • 1999 June: Amended Development Bank of Japan Law established
  • 1999 October: Transfer of approval of all rights and responsibilities of Japan Development Bank and Hokkaido-Tohoku Development Finance Public Corporation to the Development Bank of Japan
  • 2008 October: Dissolution of the existing Development Bank of Japan and establishment of a new corporation, the Development Bank of Japan Inc.

Financial information (at the end of 2008)[edit]

Total Assets: 14.0174 trillion yen (or 153.88 billion USD)
Lending Balance: 12.0266 trillion yen (or 132.03 billion USD)
Capital Ratio (BIS): 18.69%
[Exchange Rate: 1 USD vs 91.09 yen (on 18 September 2008)]

External links[edit]