Dai-Ichi Kangyo Bank
The group's presidents began regular meetings in 1971. Also in that year, the group's name developed from the merger of Dai-Ichi Bank and Nippon Kangyo Bank. In 1998, an announcement was made that the Dai-Ichi Kangyo Bank was to be merged with Fuji Bank and the Industrial Bank of Japan to form Mizuho Financial Group. The resulting group, which was established in September 2000, was the largest banking group in the world with assets of 140 trillion yen. The next few years saw a parallel consolidation of their keiretsu industrial partners and saw the group grow to 150 trillion yen in assets (30% GDP).