Search
Close this search box.

Mizuho posts slight profit increase for 1Q15

Japan
Mizuho Financial Group
Financial Results

(3 August 2015 – Japan)  Mizuho Financial Group Inc posted a 2.1 percent increase in first-quarter earnings helped by higher fee income which offset a drop in lending profit.

Net income rose to ¥158 billion yen (A$1.74 billion) in the three months ended 30 June from ¥154.7 billion a year earlier.

In recent years Japanese lenders have achieved growth in domestic loan balances, but profit has been squeezed by shrinking interest margins.

That has prompted banks to expand abroad and seek income from areas other than lending, such as sales of investment products.

Connect
with East

At East & Partners we work together as one firm to serve our clients wherever they need us.

Our collective knowledge and experience across globalĀ  markets helps us guide clients on the intricacies of each region while enabling cohesion across their global footprint. Apples with apples and pears with pears in complex and demanding financial services markets
globally.

Lookup
subscribe
This field is for validation purposes and should be left unchanged.