Shortfalls Exposed As Japan's Banks Implement New Pension Accounting Rules Sep 00

  • ID: 1802874
  • September 2000
  • Region: Japan
  • Standard & Poors
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  • 77 Bank Ltd.
  • Chiba Bank Ltd.
  • Higo Bank Ltd.
  • Iyo Bank Ltd.
  • Nanto Bank Ltd.
  • Shizuoka Bank Ltd.
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TOKYO (Standard & Poor's CreditWire) Sept. 28, 2000--New accounting rules for pension liabilities will force Japan's banks to disclose about ¥2 trillion in shortfalls, according to Standard & Poor's. While this will impair Japanese banks' already poor profitability, there is unlikely to be any immediate impact on their credit quality. Standard & Poor's estimates that total shortfalls for major banks and Tier I regional banks in Japan will amount to about ¥2 trillion, equivalent to 63% of the banks' core profits, or 13% of their Tier 1 capital for fiscal 1999 (ended March 31, 2000). The principal requirement of the new accounting rules, which took effect from April 2000, is the calculation of the banks' projected benefits obligation, or estimated...

Action: S&P Event

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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- Industrial Bank of Japan Ltd.
- Fuji Bank Ltd.
- UFJ Bank Ltd.
- Tokai Bank Ltd.
- Daiwa Bank Ltd.
- Sumitomo Bank Ltd.
- Sumitomo Mitsui Trust Bank Ltd.
- Mitsubishi UFJ Trust and Banking Corp.
- Hokuriku Bank Ltd.
- Shizuoka Bank Ltd.
- Chiba Bank Ltd.
- Sakura Bank Ltd.
- Asahi Bank Ltd.
- Gunma Bank Ltd.
- Bank of Tokyo-Mitsubishi Ltd.
- Toho Bank Ltd.
- Hyakujushi Bank Ltd.
- Iyo Bank Ltd.
- Kiyo Bank Ltd.
- Bank of Yokohama Ltd.
- Hachijuni Bank Ltd.
- Nanto Bank Ltd.
- Suruga Bank Ltd.
- Juroku Bank Ltd.
- Daishi Bank Ltd.
- Bank of Kyoto Ltd.
- Hyakugo Bank Ltd.
- Musashino Bank Ltd.
- Tokyo Tomin Bank Ltd.
- 77 Bank Ltd.
- Akita Bank Ltd.
- Higo Bank Ltd.
- Hokkoku Bank Ltd.
- Kagoshima Bank Ltd.
- Oita Bank Ltd.
- Ogaki Kyoritsu Bank Ltd.
- Shiga Bank Ltd.
- Yamaguchi Bank Ltd.
- Keiyo Bank Ltd.
- UFJ Trust Bank Ltd.
- Chuo Mitsui Trust & Banking Co. Ltd.
- Bank of Nagoya Ltd.
- Joyo Bank Ltd.
- Hokkaido Bank Ltd.
- Shikoku Bank Ltd.
- Yamanashi Chuo Bank Ltd.
- Fukuoka City Bank Ltd.
- Hiroshima Bank Ltd.
- San-in Godo Bank Ltd.
- Bank of Fukuoka Ltd.

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