Japan's Nontraditional Banks All Post Fiscal First-Half Net Profits For The First TIme Feb 13
- ID: 2417876
- February 2013
- Region: Japan
- Standard & Poors
The first half of fiscal 2012 (April 1-Sept. 30, 2012) marked the first time that all nine of Japan's nontraditional banks booked net profits in the first half of a fiscal year (see tables 1a and 1b). The parent organizations of the nine are made up of corporations, financial institutions, and a local government. Out of the nine, six of them improved their yields on interest-earnings assets from the previous year owing to growth in the volume of outstanding loans. In addition, some banks increased the proportion of high-yielding unsecured consumer loans in their asset composition. Financing yields fell at all but one bank. However, in Standard & Poor's Ratings Services' opinion, the degree by which financing yields dropped differed...
Companies mentioned in this report are:
- Sony Bank Inc.
- Seven Bank Ltd.
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