Shoko Chukin Bank

Shoko Chukin Bank

A bank in Japan that provides loans and other forms of financing to small and medium-sized business cooperatives. It originally was owned by the Japanese government, but its privatization began in 2008. It is also called by its English name, the Central Bank for Commercial and Industrial Cooperatives.
References in periodicals archive ?
The government supports three financial institutions for SMEs: Shoko Chukin Bank, established in 1936, focused on SME cooperatives; People's Finance Corp.
SMEs in Japan are to be lured to invest in Indonesia by the bank's association with Shoko Chukin Bank Ltd.
and Shoko Chukin Bank for such firms that could be affected by Elpida's filing for court-led rehabilitation.
The move affected Japan Expressway Holding and Debt Repayment Agency, East Nippon Expressway Company Limited, Central Nippon Expressway Company Limited, West Nippon Expressway Company Limited, Metropolitan Expressway Company Limited, Urban Renaissance Agency, Japan Railway Construction Transport and Technology Agency, Kansai International Airport Company Ltd, Japan Finance Corporation, Japan Finance Organization for Municipalities, Japan Housing Finance Agency, Development Bank of Japan Inc (DBJ) and The Shoko Chukin Bank Ltd (SCB).
He also represented Shoko Chukin Bank in its new 10-year lease on the 14th floor of 666 Fifth Avenue.
A plan to privatize Shoko Chukin Bank and abolish Japan Finance Corp.
The equity will be provided by Toshiba Corporation, Dai-Ichi Capital Co, Daiwa Securities SMBC Principal Investments and the Shoko Chukin Bank.
I don't think there is a need to carry out financial policies separately among ministries,'' the premier said, indicating he favors a merger of some of the eight financial institutions, such as Shoko Chukin Bank, a government-backed financial institution for commercial and industrial cooperatives.
The task force also urged METI to abolish state involvement in ordinary loans by the Shoko Chukin Bank and to limit operations of Japan Finance Corp.
He also gained a deep insight into finance thanks to his career path as a Director of the Industrial Policy Bureau at MITI, an Adviser for Nomura Research Institute, Ltd and as President of the Shoko Chukin Bank.
The Shoko Chukin Bank, set up in 1936, provides loans for memberSME cooperatives, and since 1951, directly to the cooperatives' individual members as well.