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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
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  • Seven Bank Ltd.
  • Sony Bank Inc.
  • MORE

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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Research Type: Commentary
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Note: Product cover images may vary from those shown
2 of 3

- Sony Bank Inc.
- Seven Bank Ltd.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown