Mizuho makes integration progress in commercial lending

ALLTEL system implementation reflects post-merger phase of IT consolidation.

Mizuho Corporate Bank, recently created through the consolidation of the corporate banking operations of Fuji Bank, the Industrial Bank of Japan and Dai-Ichi Kangyo Bank, has consolidated all three banks' loan operations on ALLTEL's Advanced Commercial Banking System ACBS.

The initial announcement for the merger of the three banks was made in August 1999 and the first major step was taken in September 2000 with the delisting of the individual banks and the listing of Mizuho Holdings.

But consolidation of Mizuho's overseas offices and corporate banking operations was completed just last year. The move to using a single system for commercial lending reflects the larger holding company's strategy of...

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