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Profile
Annual Report
Bank of The Ryukyus, Ltd. was established in 1948 under an ordinance of the U.S. military for the purpose of restoring financial order and stabilizing the currency in order to facilitate the sound development of the Okinawan economy. From its founding up to the reversion of Okinawa to Japan, the Bank dedicated itself to promoting the development of the prefectural economy in its role as the region’s de facto central bank.
When Okinawa was restored to Japanese sovereignty in 1972, the Bank reverted to the status of an ordinary bank subject to Japanese banking law, and as the prefecture’s leading bank, it facilitated the transition to the Japanese economic and financial systems. In 1983, we became the first bank in Okinawa to be listed on the stock exchange, and in 1986 construction of our Computer Center was completed. In 1988, we established an international foundation. In this way, the Bank has been simultaneously working to strengthen its business structure and actively contribute to the prosperity of the regional community.
In September 1999, for the twin purposes of ensuring the soundness of its assets and strengthening its financial position, the Bank implemented a capital increase through a third-party allocation of new shares in the amount of ￥22.7 billion, while simultaneously receiving an injection of ￥40 billion in public funds.
While strengthening its financial foundations through the issuance of preferred stock, the Bank also repaid ￥34 billion out of the abovementioned ￥40 billion in public funding in October 2006, and the remaining ￥6 billion in public funding was repaid in July 2010.
In April 2020, we launched our new medium-term management plan under the name SINKA2020.