The Bank of Iwate,Ltd. (8345) Stock Price

Iwate Bank provides diverse financial services centered on banking operations. Specifically, the bank offers deposit services, lending services, domestic and foreign exchange services, securities trading and investment services, trust services, and corporate bond trustee and registration services. These operations are conducted through 110 locations including the bank's head office, branches, and sub-branches, and are positioned as core business activities of the group.

Iwate Bank also operates a leasing business. One consolidated subsidiary handles this operation, providing lease services to corporations and individuals. This addresses customers' asset management and capital investment needs.

Credit card services and credit guarantee services are important business segments for Iwate Bank. These operations are managed by two consolidated subsidiaries, which provide diverse credit card services and credit guarantees to customers.

Additionally, Iwate Bank operates consulting services and regional trading company services. One consolidated subsidiary conducts consulting operations, while another handles regional trading company operations. These services support regional economic revitalization and corporate growth.

Finally, Iwate Bank engages in investment services. Two consolidated subsidiaries manage these operations, providing products and services that meet the investment needs of corporations and individuals. This supports customers' asset formation.

Iwate Bank positions regional development and sound management as its core management philosophy, aiming for sustainable growth in the region. In April 2023, the bank announced a long-term vision titled "Value Co-Creation Company," which looks ahead ten years and seeks to realize an ideal society for the region.

Under its medium-term management plan "21st Medium-Term Management Plan ~ Regional Value Co-Creation Plan ~," the bank pursues profit growth through effective utilization of capital and transformation of its business portfolio. It is advancing the sophistication of financial services and challenging new business areas.

Iwate Bank aims to enhance its social solution business, providing comprehensive solutions for corporate clients and building systems to meet individual clients' needs for asset formation and wealth succession. The bank is also focusing on strengthening digital services and promoting environmental business initiatives.

To support sustainable regional growth, the bank is establishing funds to address business succession issues and developing M&A and fund investment operations to support regional company growth. It is promoting digital transformation across the region and contributing to regional economic revitalization.

Iwate Bank pursues management with awareness of capital efficiency and stock price, working to enhance shareholder returns. The bank prioritizes dialogue with stakeholders and strives to improve corporate value by increasing transparency in growth strategies and financial information.