Japanese regional banks' gross profits rises to $150.3m in September

Net interest income also grew to $137.75m.

Japanese regional banks' gross profits increased by 11% year-on-year (YoY) to $150.3m (JPY22.89b) in the six months ended 30 September 2024, compared to last year's $135.39m (JPY20.62b), according to a report by the Financial Services Agency.

Net interest income also grew to $137.75m (JPY20.98b), up by 9% YoY from $126.33m (JPY19.24b), whilst net fees and commissions increased by 6.2%  YoY from $21.73m (JPY3.31b) to $22.98 (JPY3.51b).

However, operating expenses widened to $95.86m (JPY14.6b) compared to last year's $93.24m (JPY14.2b), and the non-performing loans ratio dropped to 1.69% from 1.73% in March.

The Common Equity Tier 1 capital ratio also decreased, from 15% in March to 14.71% in September. In contrast, the capital ratio slightly rose by 0.7% to 10.14% in September.

($1 = JPY152)