Mizuho posts 17.9% Q1 earnings increase, bolstered by Japan's end to deflation-February 2024-www.financetom.com

Mizuho posts 17.9% Q1 earnings increase, bolstered by Japan's end to deflation

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Mizuho posts 17.9% Q1 earnings increase, bolstered by Japan's end to deflation

Jul 31, 2024 12:14 AM

TOKYO (Reuters) - Japan's third-largest lender by assets, Mizuho Financial Group ( MFG ), reported 17.9% growth in first-quarter profit on Wednesday as the long-awaited end of negative interest rates lifted profit margins on lending.

For the April-June quarter, Mizuho reported group net profit of 289 billion yen ($1.89 billion), compared with 245 billion yen in the same period a year earlier.

($1 = 152.8200 yen)

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