SBI Shinsei Bank Financial Performance and News

SBI Shinsei Bank has a strong financial performance, with net income increasing to ¥36.5 billion in 2020, up from ¥25.8 billion in 2019.

The bank's net interest income rose to ¥142.8 billion in 2020, a significant increase from ¥127.8 billion in 2019.

SBI Shinsei Bank's total assets reached ¥11.6 trillion in 2020, a notable growth from ¥10.3 trillion in 2019.

The bank's non-performing loan ratio decreased to 1.6% in 2020, indicating a significant improvement in its credit quality.

SBI Shinsei Bank offers a range of services to cater to different customer needs. The bank divides its business into three components: retail banking, institutional banking, and consumer/commercial finance.

Shinsei Bank's retail banking services provide everyday banking needs, such as managing personal accounts. The bank's institutional banking services, on the other hand, cater to the needs of corporate clients.

The bank's consumer/commercial finance services offer loans and other financial products for individuals and businesses.

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Shinsei Bank offers a range of unique services as part of its retail banking, making it a great option for those looking for a comprehensive banking experience.

One of the standout features of Shinsei's retail banking is its "PowerFlex" savings account, which includes benefits like cash back for any ATM fees incurred when making withdrawals overseas.

This account also offers extended banking office hours until 7 PM in many locations, which is a big plus for those who have non-traditional work schedules or need to bank outside of regular hours.

Another convenient feature of the "PowerFlex" account is the ability to make foreign currency deposits as part of the standard account package, which is unique to Shinsei and a few other banks in Japan.

Shinsei also offers instant cash card issuance for customers opening new accounts in person with photo ID, making it easy to get started with banking.

For resident foreigners in Japan, Shinsei provides English-language online banking and telephone support, as well as no requirement for a personal seal in order to open an account, making it a more accessible option for international customers.

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Here are some key benefits of Shinsei's retail banking services:

SBI Shinsei Bank's annual revenue was $2.4 billion in 2025.

The bank's financial performance is a testament to its solid business model and customer base.

SBI Shinsei Bank's revenue figure is substantial, indicating a strong presence in the market.

Bank services often come with a price tag, but the benefits they provide can be well worth it.

The annual revenue of SBI Shinsei Bank gives us a glimpse into its financial health and stability.

A bank's revenue is a key indicator of its ability to provide quality services to its customers.

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SBI Shinsei Bank has a wide range of banking services, including current accounts, savings accounts, and loan services.

Their current accounts come with a variety of features, such as online banking, mobile banking, and bill payment services.

You can open a current account with a minimum deposit of ¥10,000, and there are no monthly maintenance fees.

SBI Shinsei Bank also offers a savings account with a competitive interest rate, currently at 0.05% per annum.

Their loan services include personal loans, car loans, and home loans, with interest rates starting from 6.5% per annum.

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A SWIFT code, also known as a BIC, is an 8-11 character code that identifies your country, city, bank, and branch.

You can use the SWIFT code to make international transfers to your SBI Shinsei Bank account, or if someone is transferring you cash to your account in Japan. The code is essential when transferring money abroad, as it ensures the funds reach your account safely and securely.

Here's a breakdown of what each part of the SWIFT code represents:

Each SBI Shinsei Bank branch has a unique SWIFT code, so be sure to check the correct code for your branch to avoid any issues with your international transfers.

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You'll need a SWIFT code to make international transfers to a bank account in Japan, such as a SBI 新生銀行 account.

If you're receiving an international transfer, the sender will ask for your SWIFT code along with the bank address.

Using traditional banks to send money abroad can be slow and expensive, but services like Wise can make international money transfers fast, cheap, and secure.

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A SWIFT code is an 8-11 character code that identifies your country, city, bank, and branch.

The code is made up of several parts, each with its own unique function. The bank code is a shortened version of the bank's name, usually 4 letters long.

A country code is a 2-letter code that represents the country where the bank is located.

A location code is either a number or a letter that indicates the bank's head office location. It's usually 2 characters long.

A branch code is a 3-digit code that specifies a particular branch of the bank. 'XXX' represents the bank's head office.

Here's a breakdown of the different parts of a SWIFT code:

If you're unsure of your branch code, you can use the head office SWIFT code, which is usually 8 characters long.

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SBI Shinsei Bank has been making headlines with its recent acquisitions. In December 2023, SBI Holdings, Inc. agreed to acquire an additional 6.67% stake in SBI Shinsei Bank, Limited.

The bank has also been expanding its reach through strategic partnerships. In October 2024, SBI Shinsei Bank, Limited completed the acquisition of 33.32% stake in NEC Capital Solutions Limited from NEC Corporation and Sumitomo Mitsui Finance and Leasing Company, Limited.

SBI Shinsei Bank has also been undertaking equity buybacks and authorizing buyback plans. In September 2024, the bank announced an Equity Buyback for 3 shares, and also authorized a Buyback Plan.

The bank has been involved in various other transactions, including the acquisition of Diamond Asset Finance Company Limited from Keystone Partners Co., Ltd. in January 2024.