MHBK has started offering "Disaster Recovery Loans" to ensure that victims of earthquakes and other natural disasters receive support through financial services as quickly as possible. It has also started applying lower interest rates to loan products and introduced certain special measures concerning deposit withdrawals and pre-maturity cancellations.
In fiscal 2008, it took the following measures to respond to the 2008 Iwate-Miyagi inland earthquake in June, the Iwate north coast earthquake in July, and the floods in the Tokai region in September.
The Neighborhood Housing Services of New York City (NHS), an NPO headquartered in New York, cooperates with domestic and overseas financial institutions in supporting low- and middle-income earners in acquiring and improving dwellings. Since more people found it difficult to repay their housing loans as a result of the deteriorating financial environment in 2008, we have strengthened our advisory services in connection with reviewing household finances and altering repayment schedules.
Since it is keen to make a proactive contribution to regional communities as a corporate citizen, Mizuho has lent or donated business funds for the activities of NHS over the past 20 years or so, cooperating on the organizational management side, and supporting volunteer activities. In recognition of its activities over so many years, NHS awarded our local entity Mizuho Corporate Bank (USA) the Private Sector Prize in Nov 2008.
