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Company type | Cooperative bank |
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Industry | Financial services |
Founded | 20 December 1923 |
Headquarters | DN Tower 21, , |
Key people | Yoshio Kono (President and CEO) Mamoru Moteki (Chairman) |
Total assets | JPY 70.76 trillion (US$ 844.4 billion) |
Number of employees | 3,229 |
Website | nochubank.or.jp |
The Norinchukin Bank (農林中央金庫, Nōrin Chūō Kinko, lit. "Central Credit Union for Agriculture and Forestry (Cooperatives)"; also known as Nochu Bank) is a Japanese cooperative bank serving over 5,612 agricultural, fishing and forestry cooperatives from its headquarters in Tokyo. The bank is one of Japan's largest institutional investors with an investment portfolio of more than US$400 billion and assets exceeding US$840 billion. Through overseas branches located in New York City, London, and Singapore, the bank invests in bond, securitization products, stock, private equity, and real estate. Since huge assets as much as US$840 billion are managed by only around 3,200 employees, the bank is mainly engaged in asset management and large scale corporate financing. Its members include cooperative federations such as the Japan Agricultural Cooperatives (JA) and the Japan Fishery Cooperatives (JF). Norinchukin supports political lobbies who oppose agricultural imports and the deterioration of living standards in rural areas. Norinchukin has 41 offices throughout Japan and five overseas branches.