Fukushima Bank Co., Ltd.

Fukushima Bank, Ltd. (English: THE FUKUSHIMA BANK, LTD.) is the second regional bank with its head office in Fukushima City, Fukushima Prefecture. The company aims to contribute to the development of the local economy and provides financial services for individuals and businesses.

overview

Fukushima Bank is the second regional bank that operates financial services mainly in Fukushima Prefecture, and operates locally. The Fukushima Fukushima Revitalization Project, a medium-term business plan that will be planned for three years starting in fiscal 2021, has achieved all numerical targets set for the fiscal year ending March 2024. Starting in fiscal 2024, we have formulated a new five-year plan, "SHIN Fukugin Medium-Term Management Plan," to promote the DX operation of our operations using digital technology, while strengthening our role as a regional financial institution.

Store development

Stores in the prefecture

Fukushima Bank has multiple branches within Fukushima Prefecture. In particular, Koriyama City merged the Koriyama Branch and the Koriyama Kita Branch on July 27, 2009, as part of its strengthening of sales, and established the new "Koriyama Sales Department."

Outside of the prefecture store

Outside of the prefecture, the branches are located in Sendai City, Miyagi Prefecture, Nasu Shiobara City, Tochigi Prefecture (formerly Kuroiso City), Mito City, Ibaraki Prefecture, and Saitama City (Omiya Ward) in Saitama Prefecture. It once had a branch in Tokyo, but now it has opened a Tokyo office. In addition, due to the aging of the stores and the store network being revised, the Utsunomiya branch was integrated into the Kuroiso branch, and the Sendai branch and Omiya branch were turned into air-conditioned stores.

Management Strategy

the Fukushima
Fukushima Revitalization Project for three years starting in 2021, with numerical targets of 1 billion yen in main business revenue, OHR improvements by 4%, and 6,000 business loan companies (of which the number of main customers is 1,250). In the fiscal year ending March 2024, the company achieved its main business revenue of 1.62 billion yen, an OHR of 7.88% improvement, and a business-efficiency lending company of 6,071 (of which 1,281 main business), achieving results that exceeded its original target.

SHIN Fukushima Medium-Term Management Plan, 2024-2029 The
SHIN Fukushima Medium-Term Management Plan, which will be planned for five years from fiscal 2024, has set a policy of focusing on regional financial institutions' missions, "business support" and "asset formation support." The company aims to improve the quality of face-to-face financial services by using digital technology to promote DX operations.

In the final year of this plan (year ending March 2029), the company has set numerical targets of 8% or more of capital adequacy and 2 billion yen or more of main business revenue (current profit of 1.3 billion yen or more), and aims to achieve 7,000 business support companies and 40,000 asset formation support companies.

Economic environment and future prospects

In the fiscal year ending March 2024, although socioeconomic activity was normalized due to the transition to the 5th class of COVID-19, the future remains uncertain as the situation in Ukraine continues to grow longer, the situation in the Middle East continues to become more tense, and raw material prices and energy prices remain high due to the long-term weakening of the yen. In this environment, Fukushima Bank is working to strengthen its management foundation using digital technology, and is aiming to achieve sustainable growth while playing a role as a regional financial institution.