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Japanese Regional Banks Log 28 Pct Net Profit Growth

Japanese Regional Banks Log 28 Pct Net Profit Growth

   Tokyo, May 16 (Jiji Press)--Consolidated net profits at 73 listed regional banks and banking groups in Japan totaled 1,251.9 billion yen for the year through March, up 28.5 pct from the previous year, according to their earnings reports.
   Of them, 64 logged profit increases or returned to black ink. The results reflected improved interest margins amid the Bank of Japan's credit tightening cycle that began when the BOJ lifted its negative interest rate policy in March last year.

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AFP-JIJI PRESS NEWS JOURNAL


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