Long-Term Credit Bank of Japan

The Long-Term Credit Bank of Japan, Ltd.

Industry	Financial services
Predecessor	long-term financial divisions of Nippon Kangyo Bank and Hokkaido Takushoku Bank
Founded	1952
Defunct	1998 (bankruptcy) 2000 (restructured)
Fate	Bankruptcy; acquired by Ripplewood
Successor	Shinsei Bank
Headquarters	Tokyo, Japan
Key people	Binsuke Sugiura, President

The Long-Term Credit Bank of Japan, Ltd. (株式会社日本長期信用銀行, Kabushiki-kaisha Nippon Chōki Shin'yō Ginkō), abbreviated LTCB in English and Chōgin (長銀) in Japanese, was a Japanese bank founded in 1952 under the direction of the Shigeru Yoshida government to provide long-term financing to various industries in Japan. Along with the Industrial Bank of Japan and the Nippon Kangyo Bank, it was one of the major financiers of the postwar economic development of Japan. After extensive problems with bad debt in the 1990s, the bank was nationalized in 1998, and finally sold in 2000 to a group led by US-based Ripplewood Holdings in the first foreign acquisition of a Japanese bank; it is now known as Shinsei Bank.^[1]