Incorporated as the Japan Real Estate Bank in 1957 and changed its name in 1977. Has some 30 domestic offices and branches as well as 6 subsidiaries overseas. Fire Insurance Co Ltd. The bank was relaunched under its new name a year later. Headquarters are in Tokyo. Is more focused on individual borrowers than other city banks.
Business is mostly in the Tokyo area.
In October 1999, announced plans to form a holding company with Sanwa Bank and Tokai Bank, with which it had an alliance since the previous year. Asahi Bank pulled out of the plan the following June. Headquarters are in Tokyo. This and control of the value of the yen remain key functions. Issues bank notes and acts as treasurer to the government.