April-June Net Profits Up 2.7 Pct at 5 Japan Banking Groups

   Tokyo, Aug. 4 (Jiji Press)--Combined group net profits at Japan's five major banking groups in April-June increased 2.7 pct from a year before to 1,374.8 billion yen, due partly to growth in profits from lending operations reflecting interest rate hikes by the Bank of Japan, according to their earnings reports released by Monday.
   Net profit expanded 1.5 pct to 376.8 billion yen at Sumitomo Mitsui Financial Group Inc., 0.4 pct to 290.5 billion yen at Mizuho Financial Group Inc. and 36.2 pct to 90.8 billion yen at Sumitomo Mitsui Trust Group Inc. The three groups' April-June profits hit record highs since they were established.

(2025/08/05-01:12)