Chiba Kogyo Bank, Inc.

Bank , Ltd. is a regional bank with its head office in Mihama Ward, Chiba City, Chiba Prefecture. The abbreviation is Chiba Kogin, and is simply called Kogin by the locals. The official website uses the nickname Chiba Kogyo Bank

overview

Founded on January 18th, 1952, Chiba Kogyo Bank was founded to support small and medium-sized enterprises in Chiba Prefecture, which had been struggling with funds due to the postwar monetary tightening policy "Dodge Line." At that time, Chiba Bank and city bank branches tended to lend the deposits they had collected to large companies in Tokyo, and there was a need to establish banks that would support the local economy. Against this background, it was established as a new local bank by local economic officials, mainly former Chiba Bank executives.

History

In July 2013, public funds were paid off and management independence was ensured. In April 2015, the company established a new corporate office in Funabori, Edogawa Ward, Tokyo, and expanded its business outside of Chiba Prefecture. In July of the same year, a public offering was implemented, and in January 2016, the Higashi Matsudo branch was opened as its first new store in eight and a half years.

Current business development

Chiba Kogyo Bank's branch network is mainly within Chiba Prefecture, and only two branches outside the prefecture, the Tokyo branch and the Nishikasai branch. In 2023 (Reiwa 5), ​​there were major changes in the economic environment, including a rate hike due to the Bank of Japan's lifting negative interest rate policy. In this situation, the bank aimed to "realize management that is conscious of capital costs and stock prices," and aimed to improve its PBR (net stock asset ratio). In addition, the company is working to improve corporate value by promoting fundamental reforms to its mortgage business, reviewing its capital structure, and strengthening its financial and non-financial functions.

In addition to these efforts, as part of our medium-term management plan, we implemented "strengthening our sales base, focusing on accompanying consulting," and "building an organizational foundation to improve productivity," resulting in financial results that were significantly higher than our original forecasts. In response to this, the company has strengthened its shareholder returns, including increasing the regular dividend per share from 5.00 yen to 10.00 yen.

Management Policy

Chiba Kogyo Bank is committed to "contributing to regional development" as its management philosophy, and while playing its role as a regional financial institution, it strives to improve its corporate value. We continue to deepen our cooperation with shareholders, business partners and local communities, and continue our management efforts to achieve sustainable growth.