Shinsei Bank

Shinsei Bank, Limited
株式会社新生銀行

Type	Public KK
Traded as	:
Industry	Banking
Predecessor	Long-Term Credit Bank of Japan
Founded	1952
Headquarters	Chuo, Tokyo, Japan (HQ)
Key people	Shigeki Toma, President and CEO
Total assets	¥9,029.3 bn (Mar. 2013)
Number of employees	1,989 (Mar. 2013)
Website	shinseibank.com/english/index.html

Shinsei Bank, Limited (株式会社新生銀行, Kabushiki-gaisha Shinsei Ginkō^?) is a leading diversified Japanese financial institution that provides a full range of financial products and services to both institutional and individual customers. It is headquartered in Chuo, Tokyo.

Shinsei Bank is the successor of the Long-Term Credit Bank of Japan, which had a government monopoly on the issuance of many long-term debt securities. Following the collapse of the Japanese asset price bubble in 1989, the bank was riddled with bad debts: the government nationalized it in 1998, and it was delisted from the . After several proposed mergers with domestic banks, LTCB was sold to an international group led by US-based Ripplewood Holdings in March 2000 for ¥121 billion, the first time in history that a Japanese bank came under foreign control.

As part of the deal, the Japanese government insisted that LTCB maintain existing loan accounts for at least three years. The final purchase agreement included a "defect warranty provision" (瑕疵担保条項, kashi tanpo jōkō^?) to the effect that Shinsei could demand within the next three years that the government purchase any claims which had fallen by twenty percent or more from book value. A similar provision was afforded Aozora Bank, the successor of LTCB's similarly beleaguered sister company Nippon Credit Bank.