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70 Pct of Japan Regional Banks Enjoy Profit Growth in FY 2023

70 Pct of Japan Regional Banks Enjoy Profit Growth in FY 2023

   Tokyo, May 14 (Jiji Press)--About 70 pct of regional banks in Japan enjoyed profit growth in fiscal 2023 as their interest income rose on increased lending reflecting stronger demand for funds amid the economic recovery from the COVID-19 crisis.
   As of Tuesday, a total of 73 publicly traded regional banks and banking groups have released earnings reports for the year ended in March. Of them, 51 companies reported profit growth, which was also attributed to higher capital gains from stock sales.

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AFP-JIJI PRESS NEWS JOURNAL


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