The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
Best Bank Awards

Japan's best bank for SMEs 2021: Mizuho


The Mizuho group had a difficult 2021. The smallest of the three Japanese megabanks, the firm was plagued by major IT problems. In February 2021, its ATMs swallowed more than 5,000 cash cards and passbooks. A month later, 300 foreign currency money transfers were delayed because of a hardware failure. A few IT glitches later, Mizuho Financial Group’s chief executive Tatsufumi Sakai said he would step down in April 2022.

However, despite these troubles, Mizuho’s financial performance and its focus on SMEs have not waivered. For the first half of the financial year, which began on April 1, 2021, Mizuho’s net income was ¥386 billion ($3.4 billion), up 79% year on year, while net interest income rose by 8% to ¥474 billion.

Part of the growth came from Mizuho’s SME business, which sits under the retail and business banking company (RBC).

The RBC corporate loan book dipped slightly to ¥15.8 trillion for the period ending in September 2021, from ¥16.2 trillion the previous year, but it still exceeded the ¥15.6 trillion recorded at the end of March 2020, when Covid-19 made its way around the globe.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree