Yamagata Bank

Yamagata Bank is a regional Japanese bank, faring among other top quality providers such as Shinsei, Hokkaido, Toho, and others. Based in Yamagata city, Japan, the Yamagata Bank offers financial services to the entire region. The structure has an office in Tokyo as well and is listed on the Tokyo Stock Exchange. As of June 2003, the body has 81 offices and 68 money exchange branches on the territory of the country. The bank officials dispatched in its offices number 1,492 all together while the acting president is Kichishige Hasegawa. The bank is also a member of the Regional Banks Association of Japan. The Bank of Tokyo-Mitsubishi, Ltd. and Meiji Yasuda Life Insurance Company own major shares of the institution. The Yamagata bank is one of the oldest financial institutions in the country, dating back to 1878, under the title 81st National Bank. In 1897, the 1879-founded Ryouu Bank absorbed the body. Later on, the mergers with many smaller establishments followed until in 1965, the present Yamagata Bank was launched. In affiliation with Saitama Resona Bank, 82 Bank and Hokkoku Bank, the bank introduced funding into an American office of Sanken Electric Co. Ltd.

Its total assets as of March 31, 2005 add up to a total of 1.6 trillion Japanese yen and its annual sales at the end of the March 2008 were standing at USD 430.8 million. Yamagata bank offers services in the retail and commercial markets, including credit guaranteeing, public bonds underwriting (government and municipal bonds are also included), deposits, commercial and institutional lending, real estate management, software development, leasing, and staff assignment, among others. The bank works in cooperation with small and medium enterprises (SMEs) as well as some of the government organizations.

In 2005, with view of cutting the costs and the streamlining of operations and because of its immediate, accurate function, Yamagata bank introduced SPSS predictive analytics to facilitate the online housing crediting. In addition to this function, a scoring system was developed in order to classify applicants according to their qualifications and the amount of the lending requested by the potential borrowers. Cost-efficiency and customer responsiveness are the bottom-line of the bankís managementís reasoning while introducing the new system.

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