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相互銀行 (そうごぎんこう, sougoginkou) Japanese meaning | Kotomora
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Mutual savings banks were once widely used as financial institutions for small and medium-sized enterprises.
In the 1980s, many mutual savings banks converted to ordinary banks.
Kanji 相 inter-, mutual, together 互 mutually, reciprocally, together 行 going, journey, carry out Related words 信用金庫 is a cooperative regional bank that still operates today, while 相互銀行 was a historical institution type that has almost entirely disappeared.
普通銀行 is the standard category of commercial bank, whereas 相互銀行 was a separate, smaller-scale institution type that was largely absorbed into ordinary banks.
Etymology Compound of 相互 (mutual) and 銀行 (bank). The term reflects the mutual-ownership structure of these institutions.
