DAI-ICHI KANGYO BANK, LTD.

one of Japan's largest commercial banks, with branches in Japan and operations in foreign countries. Headquarters are in Tokyo. The bank was established in 1971 in the merger of Dai Ichi Bank Ltd. (founded in 1873) and Nippon Kangyo Bank Ltd. (founded in 1897). The earlier banks were well established as major commercial banks before the merger. The bank provides the usual range of commercial banking services, plus national lotteries for public agencies, financing and advisory services including advising natural resource companies, and international services, including Eurocurrency markets. The bank is also a specialist in the commissioned bank system, which allows an interchange between the separate functions of underwriting bonds and commercial banking. It has subsidiaries and associated companies throughout the world.