(Update) Norinchukin Bank Logs 893.9-B.-Yen Net Loss in April-Sept.
Tokyo, Nov. 19 (Jiji Press)--Norinchukin Bank said Tuesday that its consolidated net loss totaled 893.9 billion yen in April-September, its largest fiscal first-half loss ever, reflecting sales of U.S. and European government bonds with latent losses due to higher interest rates.
Norinchukin Bank, the central organization for financial institutions for agricultural, forestry and fisheries cooperatives, fell into the red from the year-before profit of 144.3 billion yen. It incurred a net loss of 412.7 billion yen in April-June.
(2024/11/19-18:32)
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