Jibun Bank Corporation
Bank of Tokyo-Mitsubishi UFJ
June 17, 2008
Jibun Bank Corporation, a joint venture between KDDI and Bank of Tokyo-Mitsubishi UFJ, is pleased to announce that it obtained a banking license on June 17, 2008.
As a "personal (jibun) bank for each individual customer," Jibun Bank Corporation will strive to become the best rewarded financial institution with full of customer's satisfaction by maximizing the unique features of mobile handsets and providing high-quality financial services that balance convenience and security.
Jibun Bank expects to start accepting applications for accounts in the middle of July, 2008
|(1) Company name||Jibun Bank Corporation|
|(2) Representatives||Masato Nakai (President)
Kenichi Terasaki (Vice President)
|(3) Headquarters location||1-6-1 Roppongi, Minato-ku, Tokyo|
|(4) Capital||20 billion yen|
|(5) Shareholders||KDDI Corporation (50%)
Bank of Tokyo-Mitsubishi UFJ (50%)
|(6) Launch of customer services||Middle of July 2008|
|3rd Year||5th year|
|Accounts||2.40 million||3.4 million|
|Deposits||Around 1 trillion yen||Around 1.5 trillion yen|
|Profits||Profitable on an individual year basis||Elimination of accumulative losses|
(1) When operations are launched, yen-deposits (ordinary and time) and payment services, such as transfers will be available, as a general rule, 365 days a year 24 hours a day through three channels - mobile (au, NTT DoCoMo, and Softbank - three mobile communications carriers), Internet (personal computers), and telephone (IVR/operator). After launching operations, services will gradually be expanded to include foreign currency deposits, credit cards, credit card loans, financial products intermediation and sales of insurance.
(2) For customers using au mobile handsets, special services and campaigns will be available through the convenience provided "only by mobile handsets."
(3) Transfers between two Jibun Bank accounts or between a Jibun Bank account and Bank of Tokyo-Mitsubishi UFJ account are free of charge . In addition, deposits and withdrawals can be made at partner financial institutions including Bank of Tokyo-Mitsubishi UFJ and Seven Bank.
(4) KDDI and Bank of Tokyo-Mitsubishi UFJ will offer new accounts and provide information on Jibun Bank's products and services to their customers as an agent of Jibun Bank, which the FSA license was conditioned on.