Yamato Next Bank Co., Ltd.

Daiwa Bank , Ltd. is a Japanese internet bank headquartered in Chiyoda Ward, Tokyo. This is a bank that is fully invested in by Daiwa Securities Group headquarters, and is classified as a "new form of bank."

overview

Yamato Next Bank is characterized by collaboration with Daiwa Securities' general securities accounts, and offers services mainly focused on deposits. In particular, by providing an automatic transfer service called "Sweep Service" with securities accounts, it seamlessly links securities trading and banking services. While it is convenient as an online bank, it also utilizes over 180 Daiwa Securities stores nationwide and has a face-to-face support system.

History

On October 23, 2009, Daiwa Securities Group headquarters announced its intention to establish an Internet bank. In April 2010, Yamato Net Bank Establishment Preparation Co., Ltd. was established as a preparatory company. On April 4, 2011, after undergoing a preliminary examination by the Financial Services Agency, the company changed its name to Yamato Next Bank Co., Ltd. and applied for a banking license. He obtained his banking license on April 12th of the same year and began service on May 13th.

Business content

Deposit Business
Yamato Next Bank offers yen deposits and foreign currency time deposits as its main products. In particular, foreign currency time deposits aim to provide industry-leading interest rates. In addition, we support investments that take advantage of the time diversification effect through our foreign currency reserve services.

Asset Formation Support
As the importance of asset formation within Japan is growing, the bank provides financial services based on long-term diversification investments. We have strengthened our collaboration with the Daiwa Securities Group and have established a system that provides comprehensive support to our clients' financial assets.

Real Estate Investment Loans
Starting in October 2024 (Reiwa 6), we began lending funds for investment property acquisition funds for wealthy people. It collaborates with Daiwa Securities' real estate brokerage service to support real estate investment.

Management Policy

Yamato Next Bank aims to be the first step in "from savings to asset formation," and its basic philosophy is to support its clients in building assets. As of the end of September 2024, the number of deposit accounts was 1.83 million, with a deposit balance of 4.2 trillion yen, and the capital adequacy ratio remains at the top of the industry, at around 28%.

Future outlook

In the future, the company will continue to focus on security measures and stable operation of the system, improving convenience, and strengthening synergies with the Daiwa Securities Group. We aim to become a bank that will be chosen as the "best partner in asset formation for our customers," and we are promoting our business with the vision of "saving and going beyond."