DAI-ICHI KANGYO Credit Cooperative (DKC)

Location Japan
Key figures Impact story


DAI-ICHI KANGYO Credit Cooperative (DKC)’s mission is to bring sustainable development in the region where cooperative members (clients) live, and to enhance the quality of its clients’ life. To achieve this mission, we offer a wide range of unique services (e.g., customized commercial loans) with our highly diverse regional conditions and customers’ needs in mind. Additionally, we play a key role in the establishment of partnerships among 31 Japanese local financial institutions*, as well as 6 governmental agencies*, which share awareness of common issues and inter-exchange information for economic development projects in the region.

* As of the end of July 2018.

Summarized History

In 1921, a group of employees working in a big bank (Nippon Kangyo Bank) established credit union (the Guarantee Credit and Purchasing Mutual Aid Union) for mutual aid, accessing high-interest savings and low-interest loan for homes.

In 1965, the credit union was reorganized as a regional credit cooperative, covering Tokyo metropolitan area, and changed its name to Nippon Kangyo Credit Cooperative.

In 1971, the name was altered to DAI-ICHI KANGYO Credit Cooperative (DKC) after the combination of its parent bank (Nippon Kangyo Bank) and Dai-ichi Bank.
DKC merged the Hosei Credit Cooperative, based in Tokyo, in 1981 and acquired the business of the Credit Cooperative of Communications in 1998.

Services were expanded to cover two cities in Chiba prefecture (close to eastern Tokyo) in 2017.


DKC is a cooperative financial institution owned by more than 44,000 cooperative members*, and it covers the metropolitan Tokyo area with 26 branches*. The high branch density allows the bank to respond to clients’ needs quickly and reliably; it offers easy access to its customers and allows the bankers to be in close communication with the clients.

Cooperative members elect 120 assembly members**, and the assembly meeting is held once a year to make decisions on managerial policy. Two independent experts* join the Executive Board to offer different perspectives to management, as well as to check whether the bank’s operational management is maintaining and following the overall mission.

* As of the end of March 2018.

**As stipulated in the Articles of Incorporation.

Board of Management

Nobuyuki Nitta, Chief Director and Chairman of the Board.

Makio Akahira, Vice Chief Director.

Shin-ichi Kato, Senior Executive Director.

Ichiro Yoshida, Senior Executive Director.

Market Focus, Products and Services

DKC clients are typically individuals as well as small to medium-sized enterprises located in the Tokyo metropolitan area and it’s nearby cites. The bank offers more than 380 types of loans* that cover a wide variety of members’ needs and reflect the bank’s overall mission and values.
A loan example is the one granted for renovations to small-sized enterprise members. Usually, these companies face difficulties in obtaining financing loan from bigger banks due to their focus on the hypothetical values of a borrower’s collateral asset(s). In contrast, DKC puts higher priority on the business’ creditability in a community. This sets DKC apart from big banks.

DKC is also engaged in the mission of promoting regional development through non-financial services; offering a platform to exchange information among business owners (Kanshin Business Club) and among young and/or female business owners (Kanshin Mirai Club). With these platforms, business owners can find and locate business solutions by meeting experts and people living and/or running businesses in other regions.

* As of the end of August 2018.

Benefits of being part of the Global Alliance for Banking on Values (GABV)

We have a strong belief that the Japanese economy can be revitalized through the development of the regional economies all over Japan. Therefore, DKC has created a nationwide network among small and medium-sized enterprise owners in cooperation with other credit cooperatives, local governments, universities, etc. By learning about the activity of the GABV, we have considered that we should expand our horizon to further help our clients by offering more appropriate support services. Being part of the GABV will permit us to gain a lot of knowledge, share experiences with other members and learn from them, and will help us build stronger communities and sustainable stable economy for clients.


Key figures for DAI-ICHI KANGYO Credit Cooperative (DKC)

* Figures in USD million
** Based on local currency
Total Assets3,6683,4593,1192,8192,786
Funds Under Management00000
Total Assets and Funds Under Management3,6683,4593,1192,8192,786
Total Assets and FUM Growth (One Year**)3.58%6.80%7.53%1.86%1.38%
Loans (net)2,3112,1612,0241,8841,822
Loans to Total Assets63.0%62.5%64.9%66.8%65.4%
Loan Growth (One Year**)4.41%2.84%4.43%4.07%2.72%
Client Funding2,9052,8152,6792,6012,662
Client Funding to Total Assets79.2%81.4%85.9%92.3%95.6%
Client Funding Growth (One Year**)0.77%1.21%0.08%-1.63%1.19%
Equity to Total Assets4.1%3.6%3.5%3.3%3.0%
Tier 1 Capital RatioN/AN/AN/AN/AN/A
Total Revenue49.048.950.445.551.9
Net Income23.017.712.7-2.6-16.9
Return on Assets0.16%0.21%0.13%0.28%0.29%
Return on EquityN/AN/AN/AN/AN/A
Cost to Income Ratio86.8%84.2%69.8%73.1%82.1%