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Strong Results Overshadow Lingering Problems At Japan's Major Banks, Says S&P Report Dec 05 Product Image

Strong Results Overshadow Lingering Problems At Japan's Major Banks, Says S&P Report Dec 05

  • Published: December 2005
  • Region: Japan
  • Standard & Poors

FEATURED COMPANIES

  • Mizuho Bank Ltd.
  • Mizuho Bank Ltd.(Old)
  • Resona Bank Ltd.
  • UFJ Bank Ltd.
  • MORE

Abstract
TOKYO (Standard & Poor's) Dec. 12, 2005Mid-year results for Japan's major banks were largely positive, with soaring profit and improving asset quality. But according to a report published today by Standard & Poor's Ratings Services, a number of problems linger in the sector, including NPLs and falling margins, that could potentially derail the recovery. Net profit for Japan's six major bank groups hit a mid-year record in the first half of fiscal 2005, while NPLs fell and capitalization rose. But while banks have mostly completed their cleanup of NPLs, competition to expand lending operations could lead to another increase in bad loans down the road. Rising fee income is diversifying profit sources, but banks are chancing consumer backlash from pushing...

Companies mentioned in this report are:
- UFJ Bank Ltd.
- Sumitomo Mitsui Trust Bank Ltd.
- Mitsubishi UFJ Trust and Banking Corp.
- Bank of Tokyo-Mitsubishi Ltd.
- Chuo Mitsui Trust & Banking Co. Ltd.
- Mizuho Trust & Banking Co. Ltd.
- Sumitomo Mitsui Banking Corp.
- Mizuho Bank Ltd.(Old)
- Mizuho Bank Ltd.
- Mitsubishi UFJ Financial Group Inc.
- Resona Bank Ltd.
- READ MORE >

- UFJ Bank Ltd.
- Sumitomo Mitsui Trust Bank Ltd.
- Mitsubishi UFJ Trust and Banking Corp.
- Bank of Tokyo-Mitsubishi Ltd.
- Chuo Mitsui Trust & Banking Co. Ltd.
- Mizuho Trust & Banking Co. Ltd.
- Sumitomo Mitsui Banking Corp.
- Mizuho Bank Ltd.(Old)
- Mizuho Bank Ltd.
- Mitsubishi UFJ Financial Group Inc.
- Resona Bank Ltd.
- Mizuho Financial Group Inc.
- Sumitomo Mitsui Financial Group Inc.

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