Mizuho Bank

History

Mizuho bank was established in a merger between three major Japanese banks, Industrial Bank of Japan, Dai-Ichi Kangyo Bank and Fuji Bank in 2002. Dai-ichi Kangyo Bank was the successor organisation to Dai-Ichi Bank, the first Japanese bank established in 1873 by Shibusawa Eiichi, allowing Mizuho Bank to inherit the "0001" bank code in Japan. The 2002 merger resulted in Mizuho bank becoming the first bank in the world with $1 trillion in total assets, paving the way for other Japanese banks to merge into "megabank" groups, which supported global competitiveness of the Japanese financial industry in early 21st century. In 2013, it merged with Mizuho Corporate Bank, the group bank previously focused on corporate financing businesses.

In 2025, Mizuho Bank announced its plans to acquire a majority stake in Upsider Holdings, a Japan-based financial services provider focusing on startups, middle-market firms and challenger companies. Mizuho will buy approximately 70% of Upsider's shares for approximately $310 million.

Services

Mizuho services include current accounts, domestic and international cash cards, international money transfers, credit cards, saving accounts, loans, and Internet banking.

Mizuho is the designated bank for the Japanese lottery.

References

References

1. "Leadership Members of the Board of Directors".
2. "Who We Are | Mizuho Bank".
3. Reporter, Staff. (2025-07-29). "Mizuho to acquire majority of Upsider’s shares for $309.8m {{!}} Asian Banking & Finance".
4. "Mizuho Bank, Ltd.: Private Company Information - Bloomberg".