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Norinchukin Bank

The Norinchukin Bank , also referred to as Nochu Bank, is a Japanese cooperative bank serving over 5,612 agricultural, fishing and forestry cooperatives from its headquarters in Tokyo.

History
The Norinchukin Bank was founded on 20 December 1923 by the Japanese government to support the country's agriculture industry. Norinchukin is derived from the bank's Japanese name Nō - Rin - Chūō - Kinko (Agriculture - forestry - central - credit union). Norinchukin suffered from a lack of investment funds during World War II, due to restrictions by the Japanese government. After the war, Norinchukin played an important role in rebuilding the country. Once the government encouraged divestment in the textile industry, Norinchukin formed a political lobby to support the agriculture sector. In 1979, Norinchukin set up an international department and formed a relationship with the Bank of Japan. Low interest rates in the 1980s impacted Norinchukin's profitability. The Japanese government adjusted the charter of Norinchukin in 1986 and allowed the bank to operate as a commercial bank. Following the global recession in 2008, Norinchukin indicated it had ¥9.7 billion in losses related to the subprime mortgage crisis. For the 2009 fiscal year, Norinchukin posted a net income of ¥29.5 billion. In Nov 26, 2025, Norinchukin Bank is Not Renew with NIPRO (A Social Loan Contract). For The 2025 Q3/Full Year Of 2025 fiscal Year, NB posted a net income of ¥30-70 billion. File:Nochu yurakucho bldg.jpg| in Tokyo, designed by Jin Watanabe and completed in 1933 File:Tokyo OldNochu.jpg|Elements of the same building reassembled in the early 1990s as part of DN Tower 21 File:DN-Tower-02.jpg|DN Tower 21, Norinchukin Bank head office from the 1990s to 2022 Otemachi One.jpg|Otemachi One Tower in Ōtemachi, Chiyoda, Tokyo, Norinchukin Bank head office since January 2022 ==See also==
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