The Norinchukin Bank · Tokyo Japan
Company Description
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"One for all and all for one" is not your usual investment banking slogan, but the Norinchukin Bank is not your usual investment bank. Norinchukin (Nochu for short) acts as the de facto central bank for nearly 5,000 agricultural, forestry and fishery cooperative systems in Japan. Most of the bank's deposits come from these agricultural and fishery cooperatives, which the bank uses for investments. It then disburses the profits and offers services such as loans to its members. The bank has 35 branches in Japan with domestic and foreign offices in Tokyo, London, New York, and Singapore. The bank, with mutual insurer Zenkyoren, controls Norinchukin-Zenkyoren Asset Management, which provides pension plans. To read the full description, subscribe now.
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Key The Norinchukin Bank Financials
| Company Type | Private - Cooperative Headquarters |
| Fiscal Year-End | March |
| 2008 Sales (mil.) | $27,230.0 |
| 2008 Employees | 2,944 |
The Norinchukin Bank Executives
19 executives listed for The Norinchukin Bank's Tokyo, location.
| Title | Name & Bio | Contact |
| President and CEO | Hirofumi Ueno | Network |
| Deputy President and Co-CEO | Yoshio Kono | Network |
| General Manager, New York Branch | Noritsugu Sato | Network |
Competition
Competitive Landscape for The Norinchukin Bank
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top The Norinchukin Bank Competitors
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