noun
mutual savings bank
Abbreviation of 相互銀行 (そうごぎんこう). Refers to a type of Japanese financial institution that was converted into ordinary banks in the late 1980s; now a historical term.
See also: 相互銀行 (そうごぎんこう)
相銀は1989年以降、普通銀行に転換された。
Mutual savings banks were converted into ordinary banks after 1989.