The bank also handles a major share of corporate lending, in large measure because of the bank's access and power on the mainland.
At the same time, the bank reduced its reliance on corporate lending.
The move comes as Japanese banks search for new sources of revenue amid a decline in corporate lending.
If investors decide corporate lending is a good business, given the risk/return ratio, rates will be going down.
But he is optimistic that a stronger economy will revive other businesses, like corporate lending.
Official figures show that corporate lending has fallen in recent months.
Specific provisions of $390 million were also made for potential credit losses related to corporate and consumer lending.
He worked in personal and corporate lending with a major Canadian chartered bank.
The office, which employs about 30 people, will phase out remaining activities like corporate lending, she said.
At the same time, the government should help ensure that corporate lending comes from several major banks.