Bank of the Ryukyus

Bank of The Ryukyus, Limited (株式会社琉球銀行, Kabushiki gaisha Ryūkyū Ginkō) is a Japanese regional bank serving Okinawa Prefecture in Japan.

Bank of the Ryukyus

Native name	琉球銀行
Romanized name	Ryukyu Ginko KK
Company type	Public company (K.K.)
Industry	Banking, financial services
Founded	May 1, 1948; 77 years ago (1948-05-01)
Headquarters	Naha, Okinawa , Japan
Area served	Okinawa Prefecture
Key people	Yasushi Kawakami (CEO)
Revenue	¥ 63,027 million (2017)
Net income	¥ 8,884 million (2017)
Total assets	¥ 23.587 billion (2017)
Total equity	¥ 1.179 billion (2017)
Members	1,285 (2018)
Rating	JCR: A (7/2018)
Website	Official website

History

It was founded in 1948 by order of the U.S. military administration of Okinawa to serve as a central bank for occupied Okinawa, and was originally modeled after the Federal Reserve System of the United States and the Central Bank of the Philippines. During the U.S. administration, it was empowered to issue currency and oversee the financial administration of Okinawa in addition to serving as a commercial and retail bank. Following the repatriation of Okinawa in 1972, it was reorganized as a regional bank. It had an initial public offering on the Tokyo Stock Exchange in 1983.^[1]