Mizuho Universal Bank Merger FAQs

In October 2023, Mizuho Financial Group announced its plans to change its structure in the European Union, bringing together its Banking and Securities businesses by creating a Universal Bank.

A key enabler of the creation of the Universal Bank is the merger between Mizuho’s EU banking hub, Amsterdam-based Mizuho Bank Europe (MBE) and Mizuho’s EU securities hub based in Frankfurt, Mizuho Securities Europe GmbH (MHEU). The merger is scheduled for April 2025, subject to regulatory approval.

The creation of a well-capitalised universal bank will make it easier for you as our client by facing a single Mizuho counterparty in the region and having a fully integrated corporate and investment banking offering. For you as our client, it means a single point of contact for our complete suite of products and services and a reduction in your administrative burdens and simplified counterparty management.

As a Universal Bank, MBE will have branches in Frankfurt, Madrid and Paris.

Please find below a diagram showing the cross-border merger.

Legally, the transfer of business takes the form of a ‘cross-border merger’. This merger will be effected in accordance with the local implementation of European law in the Netherlands and Germany, and is based on a joint merger plan to be concluded between Mizuho Bank Europe N.V. (MBE) and Mizuho Securities Europe GmbH (MHEU).

The legal merger will encompass the entire business operation of MHEU. Under the merger, MHEU transfers all of its assets and liabilities under universal title – with all rights and obligations – to MBE. This also applies to the assets and liabilities of MHEU’s branches in Madrid and Paris. The merger becomes legally effective with the notarization of the merger deed by a Dutch notary. The notarization is expected to be carried out on 5 April 2025. The execution of the merger will result in the automatic and immediate dissolution of MHEU. This means that MHEU as a legal entity will cease to exist, and from the date of the merger, the business of MHEU will be carried forward by MBE and its respective branches.

Preparations for the merger are well underway. The merger is expected to take effect on 5 April 2025.

As a current MHEU client, after the merger you will be facing Mizuho Bank Europe N.V. (MBE). MBE is a fully licensed credit institution established in Amsterdam, the Netherlands. It is licensed and supervised by the Dutch Central Bank (De Nederlandsche Bank) and has been in operation for over five decades.

MBE is incorporated as a public limited company (or naamloze vennootschap, in Dutch), and has its official seat in Amsterdam. It is registered in the Dutch Commercial Register under number 33138252.

MBE undertakes business on a cross-border basis across the entire European Union and has branches in Paris, Frankfurt and Madrid.

Mizuho Bank Europe N.V. is based in Amsterdam, the Netherlands. Its address is:

Strawinskylaan 3053
Amsterdam Atrium 3rd Floor
1077 ZX Amsterdam
The Netherlands

All client contracts of Mizuho Securities Europe GmbH (‘MHEU’) will transfer to Mizuho Bank Europe N.V. (‘MBE’).

Under the legal merger, all assets and liabilities of MHEU (including for example client relationships, staff and service agreements) will transfer to MBE by operation of law, under universal title. From a more practical perspective, this means that to all intents and purposes MBE will simply step into MHEU’s place after your agreements have been transferred.

No action is required on your part to effect the transfer.

Your existing sales and relationship teams will remain unchanged post-merger.

For most of our clients and partners, your current points of contact will remain the same. We are committed to ensuring a smooth transition with minimal disruption.

If you require further documentation to onboard MBE, please reach out to your sales or relationship contacts, or to [email protected] for further information.

All open MHEU bond and equity trades will be cancelled and rebooked with you on behalf of MBE. Settlement should proceed as normal as all accounts you usually face are not changing with the exception of the Spanish accounts. You can find the updated SSIs in the answer to the question below.

The majority of Cash and Securities accounts which were used for MHEU transactions will remain the same with the exception of Spanish Domestic Accounts. Please see below the updated SSIs.

• Cash and Securities SSIs

If a callback is required to check the new SSIs, please find below the callback contacts:

The BIC Code will be updated as part of the merger. The BIC Code of Mizuho Bank Europe is MHCBNL2AMKT, replacing the previous code IBJIDEFF. Clients should therefore ensure that all instructions are sent using MHCBNL2AMKT as of 7 April 2025. Any instructions quoting the old BIC Code IBJIDEFF as of 7 April will be rejected.

The LEI of Mizuho Bank Europe is 724500ZSA7ZOZHUXBS53.

The following ratings have been assigned to Mizuho Bank Europe N.V. . These are not expected to change following the merger.

Mizuho Bank Europe N.V.

Please find below the MBE Articles of Association.

• MBE Articles of Association

Please find below additional information.

• MBE Legal Information & Policies
• MBE Annual Reports
• Wolfsberg Questionnaire