Japan Post Bank

A Japanese bank with its main office in Tokyo is called Japan Post Bank. It is a company owned by Japan Post Holdings, in which the Japanese government holds the majority of the shares. It is a significant financial organization that was founded in 1875 as a postal savings system and is still predominantly run out of post office branches today. It manages assets worth more than 205 trillion yen and provides services in about 24,000 branches across Japan.

At various points during its existence, it was the biggest financial organization on the planet. Since its inception, it has made important contributions to the economic development of Japan as well as the provision of financial services to the nation's citizens.

Japan Post Bank had always been wholly owned by the government and, organizationally, a component of the postal system for the overwhelming duration of its history. A bill to start privatizing Japan Post Bank and establish separate businesses to manage each of Japan Post's several obligations was enacted in 2007. The government is still selling its shares in Japan Post Bank and its parent business.

Japan Post Bank's market cap was $31.88 billion as of March 2023. By market cap, this places Japan Post Bank as the 537th most valuable corporation in the world. The most recent financial reports from Japan Post Bank indicate that the company's current revenue (TTM) is $11.81 billion. The corporation generated $17.32 billion in revenue in 2021, a rise from $13.77 billion in revenue in 2020.

Founded: 1 September 2006
Headquarters: Chiyoda, Tokyo, Japan
Website: www.jp-bank.japanpost.jp