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Suruga Bank's Net Profit Up 20 Pct in April-June

Suruga Bank's Net Profit Up 20 Pct in April-June

   Tokyo, Aug. 14 (Jiji Press)--Suruga Bank <8358> said Wednesday its group net profit in April-June totaled 3,847 million yen, up 21.7 pct from a year before, when the Japanese regional lender booked massive losses related to its fraudulent loans for real estate investment.
   The bank's bad loan disposal costs in the first quarter of fiscal 2019 dropped to less than one-third of the year-before level, while profit from its lending and fund management operations decreased by 5.3 billion yen.

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AFP-JIJI PRESS NEWS JOURNAL


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