Safest Bank: Shizuoka Bank (No. 45)
For the third year in a row, Shizuoka Bank comes in as Japan’s safest bank. In 2011, Shizuoka reported net income of $473 million on $2.6 billion in revenues and had 9.7 trillion yen ($123 billion) in assets.
The bank operates 168 branches and 28 sub-branches, catering to domestic customers in Tokyo, Osaka, Nagoya and Shizuoka, in addition to overseas customers in New York, Los Angeles, Brussels, Hong Kong, Shanghai and Singapore.
According to the company, the bank's capital adequacy ratio is 15.9 percent on a consolidated basis, one of the highest ratios among Japanese banks. The capital adequacy ratio is the ratio of a bank’s capital to their risk-weighted assets and determines the bank’s ability to meet its liabilities and other risks.