SBI Shinsei Bank, Limited

SBI Shinsei Bank, Limited

SBI Shinsei Bank was formed in October 2023 when SBI Holdings' online bank, SBI Sumishin Net Bank, merged with Shinsei Bank, following SBI's acquisition of Shinsei in 2021. The entity now ranks among Japan's largest internet banks by assets, with a consolidated balance sheet that includes deposits from both retail and institutional clients. The bank provides retail banking products such as deposits, loans, and investment services alongside corporate lending and structured finance. It targets Japanese consumers and businesses, leveraging SBI Group's securities, insurance, and cryptocurrency platforms to cross-sell services. Confirmed asset classes include consumer lending, mortgage lending, corporate loans, and securities trading. SBI Shinsei Bank is a wholly owned subsidiary of SBI Holdings, a publicly traded financial conglomerate founded by Yoshitaka Kitao. The bank's digital-first model competes with both traditional megabanks and newer fintech lenders. As of 2024, the bank reported over 10 million customer accounts. The bank's structural differentiator lies in its integration with SBI Group's full financial stack, allowing it to offer banking, brokerage, and crypto services through a single digital interface — a model rare among traditional Japanese banks.