Japan's Top Three Banks Cut Bad Loan Ratios

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009094-japans-top-three-banks-cut-bad-loan-ratio/

Japan’s three major banking groups said Monday they had made progress in reducing bad-loan ratios, and reiterated their full-year net profit forecasts.

Top bank Mizuho Financial Group posted net income of 623.64 billion yen ($6.02 billion) in the nine months ended Dec. 31. The company left unchanged its net profit forecast of 720 billion yen for the year to March, compared with 406.98 billion in net profit a year earlier.

Mizuho said its bad-loan ratio fell to 2.78 percent at the end of December, down 0.35 percent from the end of September.

For this complete story, please visit Japan’s Top Three Banks Cut Bad Loan Ratios.

Japan's Top Three Banks Cut Bad Loan Ratios

Unknown Author

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