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Trend survey on employees in 121 banks (2005.7)
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A year-on-year decrease by about 11,200 people.
- Approx. 262,100 bank employees as of the end of March 2005. -
Introduction
With complete removal of the full deposit guarantee in April 2005, merger and management integration among regional financial institutions such as local banks and second-tier regional banks are expected to accelerate the speed. While Financial Services Agency attaches importance to sound management of banks, each bank has promoted restructuring as a measure to improve the financial standing and profitability. Under such conditions, the number of bank employees is on the decline.
Teikoku Data Bank, Ltd. conducted a survey on trends in the number of bank employees. This is the 12th survey on the topic. The research was made in 121 banks (major banks 11; local banks 63; and second-tier regional banks 47) about the number of employees as of the end of March 2005. The results were compared to those as of end-March 2004.
Survey results
The number of employees in 121 banks decreased by 11,220 people, or 4.1%, compared with that at the end of March 2004.
According to the findings, the number of employees in 121 banks as of the end of March 2005 totaled 262,192, showing a fall by 11,220 (down 4.1%) compared with that as of the end of March 2004.
Banks in which the number of employees dropped from the end of March 2004 came to 111, while ones showing a year-on-year rise in that were 10.
By type of banks, 'major banks' showed the largest year-on-year decline by 5,056 people (down 4.8%), in the second place 'local banks' by 4,303 people (down 3.6%), finally 'second-tier regional banks' by 1,861 people (down 3.9%).
1. Major banks - dropped by 5,056 people, or 4.8%, from the end of March 2004.
The number of employees in major banks as of the end of March 2005 stood at 101,048, showing a decline by 5,056 (down 4.8%) compared with that as of the end of March 2004. In terms of the decreasing number of employees, Mizuho Bank, Ltd. showed the largest number at 1,997, followed by Sumitomo Mitsui Banking Corp. at 1,208, and then Resona Bank, Ltd. at 772.
Meanwhile, with regard to the attrition rate, Mizuho Bank, Ltd. marked the highest rate at 11.1%, next Resona Bank, Ltd. at 9.1%, followed by Sumitomo Mitsui Banking Corp. at 6.9%.
2. Local banks – fell by 4,303 people, or 3.6%, below the end of March 2004
The number of employees in 63 local banks as of the end of March 2005 amounted to 115,285, decreasing by 4,303 (down 3.6%) from that as of the end of March 2004. With regard to the declining number of employee, The Joyobank Ltd showed the greatest number at 222 (the year-on-year attrition rate of 6.6%), followed by The Nishi-Nippon City Bank, Ltd. at 195 (4.5%) and The Shinwa Bank Ltd. at 195 (9.1%).
3. Second-tier regional banks - declined by 1,861 people, or 3.9%, compared to the end of March 2004
The number of employees in 47 second regional banks as of the end of March 2005 came to 45,859, showing a fall by 1,861 (down 3.9%) compared with that as of the end of March 2004. In terms of the decreasing number of employees, Momiji Bank, Ltd. marked the largest number at 152 (the year-on-year declining rate of 6.5%), followed by Kansai Urban Banking Corp. at 110 (6.7%), and then The Nagano Bank, Ltd. at 105 (11.7%).

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