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line. The cash flow in the call market became difficult for
Takugin. With its share price at 59 yen, Takugin was on the verge of breaking the 50 yen barrier. Already without the possibility of getting capital from the call market, Takugin, having been deserted by the finance ministry announced that its efforts to find financing would end the following week. On 17 November, an emergency meeting of the board of directors was organized in the
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On 4 November 1997 the bankruptcy of Sanyō Securities caused the
Central Gunma Trust Fund (now Gunma Trust Fund) to default on about ¥1 billion yen of unsecured loans. As a result, the unsecured call market descended into chaos, with every funding facility ordering an emergency decrease in its credit
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However, owing to mistrust over differences in perception of the bad debts, and emotional arguments based on the long-time rivalry with
Takugin, the employees of Dohgin were strongly opposed to the merger. In the end, with no thawing in the antagonism of the two banks, it was announced on 9 December
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In March 1997, with bad debts at 13.4% of
Takugin's bank's total lending, thought to be the largest rate of all the City Banks, along with economic uncertainty, a problem with money supply emerged. With the policy aim "don't crush the big 20", the finance ministry formed a plan to merge Takugin with
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In 1939 there was an amendment to the
Hokkaidō Takushoku Bank law, allowing the bank, which thus far had performed only long-term financing based on debt issuance, to handle bank accounts and offer short-term finance. Now performing simultaneously the roles of ordinary bank and savings bank, Takugin
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In 1950 the
Hokkaidō Takushoku Bank law was repealed, and Takugin was converted into an ordinary bank. In 1952, the provision of "exploitation bonds", which had existed since Takugin originally opened, was ceased (this service was transferred to the Japan long-term credit bank). In 1960, Takugin
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throughout Japan. Hokkaidō was thought to be in the forefront as a prime candidate for economic exploitation, and instead of an agriculture and industry bank, a special "national policy bank" was deemed necessary. For this purpose, the
Hokkaidō Takushoku Bank was established in 1899, and was
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region, and the outflow increased. By the end of
September 1997, deposits had descended to ¥5.9 trillion. After the failure of the merger, Takugin's financial insecurity increased yet again, such that its share price actually fell 100 yen below the level assigned for a
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In
Hokkaidō the great majority of families had an account at "Mr. Takugin", and virtually all the municipalities were clients. While having the smallest scale of operations as a "city bank", Takugin established a status as the "Hokkaidō people's bank".
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as a "special bank" on
February 2, 1900, providing long-term low-interest loans as capital for Hokkaidō's development. The target of these loans was not just the improvement of industry and agriculture; it also had as its object the key industries of
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As bubble economics collapsed in the 1990s, Takugin's level of bad debts began to soar. Bad debts exceeded ¥1 trillion, and the means of collecting them were lost. For example, they had financed the Sapporo real-estate company
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to more than ¥120 billion, helping it to grow rapidly, and when the bubble collapsed and the debt became bad, from 1993 onwards they changed their attitude to coercively recovering the money. The result of the dispute with
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warning. The cash flow situation was now more difficult, but Takugin was managing to put together some capital based on fixed-term loans from big lenders at relatively high interest rates, and from the "call market".
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After the inauguration of Chūō Mitsui Trust, almost all the old Takugin branches outside of Hokkaidō are disappearing, and only the branches associated with Takugin's old partners Shakujii (in Tokyo) and Sugido (in
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plan was revealed under which Takugin would continue in the interim, and in April of the following year there would be an amalgamation to form a bank called the New Bank of Hokkaidō.
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As a result of the collapse, Takugin's operations on Hokkaidō Island were absorbed by the Hokuyo Bank (North Pacific Bank), while all operations outside were absorbed by what is now
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that there would be a half-year postponement of the merger, which in practical terms was a freeze, and it was understood that the Dohgin side had revoked the merger entirely.
84:. It was the City Bank in its stronghold of Hokkaidō until it went bankrupt in November 1997, and the following year it transferred its business to the North Pacific Bank
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study, the conclusions reached with regard to financing of resort companies were that ¥10 billion in loans continued without regard to the disposal of bad debts.
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as a motif. Takuchan savings boxes made of vinyl chloride are still popular among figure collectors to this day. From 1989, Takugin used the character Sanrio.
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With deposits peaking in 1994 at ¥8.7 trillion, increasing financial instability was causing contracts to be broken, particularly in the
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As a result, since Takugin acted as a replacement for certain similar types of bank, the "agriculture and industry" bank, the
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dramatically increased its scale of operations. Finally in the wartime unification, all banks relating to Hokkaidō and
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Statement by the Governor of Bank of Japan about the bankruptcy of Hokkaido Takushoku Bank on November 17, 1997
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Beginning from around 1962, Takugin began using the character of Takuchan ("little Taku") the
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Former Hokkaido Takushoku Bank, Otaru Branch in Otaru, Hokkaido prefecture, Japan
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banking law" in 1896, "agriculture and industry banks" were set up in 46
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From about 1985, like many other banks, Takugin opened branches in
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that Hokkaidō increased its representation in these sectors.
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achieved entry into the group of banks known as City Banks.
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and those related to the further exploitation of Hokkaidō.
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In March 1963, Takugin took over running of the Hokkaidō
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Companies formerly listed on the Tokyo Stock Exchange
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331:Japanese companies established in 1899
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25:The Hokkaidō Takushoku Bank, Ltd.
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221:The phantom amalgamation plan
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108:On the announcement of the "
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184:The bubble and its collapse
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44:Hokkaidō Exploitation Bank
321:Banks established in 1899
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139:Industrial Bank of Japan
37:Hokkaidō Takushoku Ginkō
306:Defunct banks of Japan
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262:Palace Hotel, Tokyo
215:Ministry of Finance
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135:Nippon Kangyo Bank
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118:prefectures
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255:Bankruptcy
248:bankruptcy
178:brown bear
66:拓銀 or たくぎん
268:Aftermath
156:Karafuto
137:and the
114:industry
73:Hokutaku
56:Hokkaidō
167:lottery
128:fishing
60:Takugin
31:北海道拓殖銀行
243:Honshū
194:Osaka
190:Tokyo
52:Japan
192:and
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89:北洋銀行
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