5 Major Japan Banking Groups' April-Dec. Net Profits Up 40 Pct
Tokyo, Feb. 4 (Jiji Press)--The combined consolidated net profits of five major Japanese banking groups rose 42.8 pct from a year earlier to 4,135.4 billion yen in April-December, according to their latest earnings reports released by Tuesday.
The surge reflected an improvement in profit margins on lending following interest rate hikes by the Bank of Japan and brisk demand for funds from companies.
(2025/02/04-22:07)
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