December 16, 2024
Major Japanese banks’ profits up 40.29% in H1 FY2024 #JapanFinance

Major Japanese banks’ profits up 40.29% in H1 FY2024 #JapanFinance

Financial Insights That Matter



Photo by Jezael Mendoza via Unsplash.

Their NPL ratio was lower than in March, but still higher than in September 2023.

Major banks in Japan reported a combined profit attributable to owners of approximately $8.65b (JPY1.32t) in the first six months of fiscal year 2024, 40.29% higher than the same period in 2023, according to data from the Japan Financial Services Agency (FSA).

Gross profit for the period was JPY7.42t, 14% year-on-year (YoY) higher, in the period ending 30 September 2024.

Net interest income was JPY3.38t, whilst fees and commissions were JPY2.37t.

Total balance of loans for the period was JPY353.3t.

Major Japanese banks’ non-performing loans (NPLs) ratio was 0.83% as of 30 September, lower than the 0.93% ratio at end-31 March 2024, but still higher than the 0.77% ratio at end-30 September 2023.

Common equity tier 1 (CET1) capital ratio was 13.64%.

(US$1 = JPY152.59; as of 12 December 2024)

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