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# Shizuoka, Hachijuni and Yamanashi Chuo banks sign comprehensive business alliance in Japan
- URL: https://www.theglobalbanker.com/shizuoka-hachijuni-and-yamanashi-chuo-banks-sign-comprehensive-business-alliance-in-japan/
- Published: 2025-03-27T13:50:00.000Z
- Updated: 2026-09-29T12:42:07.000Z
- Description: The three regional lenders in central Japan formed the Fuji-san Alps Alliance, targeting a combined revenue effect of about ¥20 billion over five years while remaining independent.
- Author: TGB Editorial Team
- Tags: Banking News, Asia-Pacific, #archive

Shizuoka Bank, Hachijuni Bank and Yamanashi Chuo Bank signed a comprehensive business alliance on 27 March 2025, the three regional lenders announced at a joint press conference in Tokyo. The partnership, named the Fuji-san Alps Alliance, targets a cumulative revenue effect of about ¥20 billion over five years.

The banks are based in three neighbouring prefectures in central Japan: Shizuoka, Nagano, home to Hachijuni Bank, and Yamanashi. Shizuoka Bank is the core unit of Shizuoka Financial Group, and Hachijuni Bank holds the leading market share in Nagano. Shizuoka Bank and Yamanashi Chuo Bank have had a comprehensive business alliance since October 2020, which Hachijuni Bank has now joined.

#### WHAT THE ALLIANCE COVERS

The lenders said in a joint statement that they would cooperate in areas such as venture financing to draw outside talent and funding into the region. Shizuoka Bank president Minoru Yagi told a briefing that the alliance would seek to boost the region's population in order to address issues such as labour shortages.

The lenders plan to draw on the shared potential of the region, which their statement said includes a “rich natural endowment”. Shizuoka Prefecture is known for its tea, seafood and the Izu Peninsula's hot springs; Nagano is a winter sports centre that hosted the 1998 Olympics; and mountainous Yamanashi is a major producer of grapes and wine.

The three banks said they would keep their independent management and were not pursuing a business integration. “We don't know what will happen in the future,” Yagi said.

The announcement came in the same week that Chiba Bank said it was considering strategic options including the purchase of shares in Chiba Kogyo Bank, and Gunma Bank said it was considering options including a merger with a rival.