Norinchukin Bank
The Norinchukin Bank is a financial institution established by Japan Agricultural Cooperatives (JA), Japan Fishery Cooperatives (JF), Japan Forest Owners’ Cooperatives (JForest) and other members of the agriculture, fishery and forestry cooperative system. It was established under the Norinchukin Bank law.
The bank lends funds to members, agricultural, fishery and forestry workers, and companies related to the agricultural, fisheries and forestry industries. The Bank also conducts various lending and investment activities in Japan and abroad, efficiently manages funds and stably returns profits to its members.
Norinchukin’s capital raising signals support, but high rates still a problem
Norinchukin’s capital raising signals support, but high rates still a problem
Unrealised losses on bonds climbed higher in Q2.
Norinchukin Bank redeeming over $4.6b of perpetual loans
The redemption is part of the bank's efforts to improve its investment portfolio.
Japan’s Norinchukin reports profit loss of $2.75b in Q1
It attributed the loss to low-yielding asset sales, part of its portfolio improvement efforts.
Japan’s Norinchukin Bank has hit 60% of its sustainable finance target
The bank also participated in 7 sustainability committee meetings in FY2023.
Norinchukin Bank’s profits up 24% to $405.7m for FY2023
Net gains from sales of securities jumped over 800% over the period.
Norinchukin Bank announces senior leadership changes
The leadership changes are effective 1 April 2024.
Norinchukin Bank agrees to invest in food and agri startup fund
The bank will also support growth of food and agri startup companies.
Norinchukin Bank outlook negative amidst rising unrealized losses: Moody’s
The losses should reverse in 2024 as interest rates begin to decline, the ratings agency said.
Dah Sing Bank partners with Japan’s Norinchukin to promote Japanese food, agri products
Dah Sing’s board has also appointed Junji Mori and Yuichi Tashita of Norinchukin as managers.