Rakuten, Inc. (Chairman and CEO: Hiroshi Mikitani, hereinafter “the Company”) announces that on January 19, 2021, RAKUTEN INTERNATIONAL COMMERCIAL BANK CO., LTD. (Representative: Chien Ming-Ren, hereinafter “RAKUTEN INTERNATIONAL COMMERCIAL BANK”) which completed its registration of establishment on May 18, 2020, after obtaining a business license, has started business activities.
Rakuten Bank, Ltd. (Representative Director and President: Hiroyuki Nagai, hereinafter “Rakuten Bank”) and Rakuten Card Co., Ltd. (Representative Director and President: Masayuki Hosaka, hereinafter “Rakuten Card”), wholly owned subsidiaries of the Company, with IBF Financial Holdings Co., Ltd. (hereinafter “IBF”), have been preparing for the commencement of the business activities after receiving necessary approvals to start a banking operation on July 30, 2019 from the Financial Supervisory Commission, which is the financial supervisory authority of Taiwan.
1. Overview of RAKUTEN INTERNATIONAL COMMERCIAL BANK
|
(1) |
Company Name |
RAKUTEN INTERNATIONAL COMMERCIAL BANK CO., LTD. |
|
(2) |
Head Office |
11F, No.433, Songjiang Road, Taipei |
|
(3) |
Representative |
Chien Ming-Ren |
|
(4) |
Date of Establishment |
May 18, 2020 |
|
(5) |
Business |
Electronic banking services |
|
(6) |
Capital |
TWD 10 billion |
|
(7) |
Fiscal year |
December |
|
(8) |
Ownership |
Rakuten Bank 50%, Rakuten Card 1%, IBF 49% |
* Net assets and total assets are not written because of the fiscal year end in December.
2. Overview of Rakuten Bank
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(1) |
Company Name |
Rakuten Bank, Ltd. |
|
(2) |
Head Office |
2-16-5 Konan, Minato-ku, Tokyo |
|
(3) |
Representative |
Hiroyuki Nagai |
|
(4) |
Description of Business |
Electronic banking services |
|
(5) |
Capital |
25,954 million yen |
3. Overview of Rakuten Card
|
(1) |
Company Name |
Rakuten Card Co., Ltd. |
|
(2) |
Head Office |
2-6-21 Minami-Aoyama, Minato-ku, Tokyo |
|
(3) |
Representative |
Masayuki Hosaka |
|
(4) |
Description of Business |
Credit cards, card loans, credit guarantees |
|
(5) |
Capital |
19,323 million yen |
4. Overview of IBF Financial Holdings Co., Ltd.
|
(1) |
Company Name |
IBF Financial Holdings Co., Ltd. |
|
(2) |
Head Office |
No.128, Lequn 3rd Road, Zhongshan Dist., Taipei |
|
(3) |
Representative |
Wea Chi-Lin |
|
(4) |
Description of Business |
Financial services |
|
(5) |
Capital |
TWD 28,964 million |
5. Impact on business performance
At present, the potential impact on Rakuten Group consolidated financial performance is expected to be limited. We will promptly announce any matters that require disclosure in the future.