financetom
Business
financetom
/
Business
/
Mizuho posts 17.9% Q1 earnings increase, bolstered by Japan's end to deflation
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved