noun
mutual savings bank
A type of Japanese financial institution that historically served small businesses and individuals; most converted to ordinary banks in the late 20th century. Now mainly a historical or legal term.
相互銀行は、かつて中小企業向けの金融機関として広く利用されていた。
Mutual savings banks were once widely used as financial institutions for small and medium-sized enterprises.
1980年代に多くの相互銀行が普通銀行に転換した。
In the 1980s, many mutual savings banks converted to ordinary banks.