Message from the President

社長 嵯峨行介

At Suruga Bank, we work to offer unique value that truly satisfies our customers.

Let me firstly offer my sincerest wishes to all of you, both for your own good health and for the earliest possible resolution of the COVID-19 pandemic we find ourselves in.

Financial institutions in Japan are in an environment of significant change, caused by extended quantitative easing policies, declining birthrates and shrinking populations, and the rapid adoption of digital technologies. These changes have been accelerating even more rapidly with the spread of COVID-19.

Amid these circumstances, we are striving to bring together a retail banking system that offers unique value, genuinely satisfying customers and ultimately providing value to our shareholders, our employees, and society at large. These efforts have been laid out in accordance with our Re:Start 2025 mid-term business plan, launched in November of last year, with a vision of "Creating a New Suruga Bank."

We have implemented new medium-risk and medium-return perspectives into our own unique and long-cultivated retail infrastructure and expertise, taking into account the myriad of market characteristics found in our home regions of Shizuoka and Kanagawa Prefectures, Tokyo metropolitan area and other major cities area. With these, we will provide the most optimal solutions to handle different issues you have - moving homes, asset formation, asset and business succession, and more - and seek to be a helpful partner to you.

October 2020 marks the 125th anniversary of the Suruga Bank, a bank that began as the smallest in Japan when it launched with capital of only 10,000 yen in 1895. I feel a deep sense of gratitude when I see what we have become today thanks to the support of our community. Our corporate philosophy of “being a bank that makes people think, ‘I’m glad you’re here… I’m glad we met’” is representative of our commitment to being a financial group that, regardless of the changes in our environment or in our times, puts you above all else and is of service to you.

We hope that you will stand alongside us at the Suruga Bank, employee and officer alike, as we work with our communities so that you may be more prosperous and fruitful.

December 2020