Japan
SMBC invests in Novastar Ventures’ Africa fund
SMBC invests in Novastar Ventures’ Africa fund
The fund’s budget for fiscal year 2025 is $340m.
2 days ago
Reward programs spur credit and charge cards usage in Japan
Credit card acceptance across merchants had also expanded in recent years.
2 days ago
Seven Bank enter talks on potential capital and business alliance with Itochu
Seven Bank operates more than 28,000 ATMs in Japan.
3 days ago
PayPay submits draft registration statement to publicly list in the US
The mobile payment service app makes use of QR codes and bar codes.
Japan Post Bank’s net income up 8.9% to JPY104.86b in Q1 FY2026/3
Net income per share is JPY29.29, according to its consolidated financial results.
Norinchukin Bank logs $395.49m profit in Q1 FY2025
This is a reversal from its JPY412.7b loss a year earlier.
MUFG’s profits down 1.8% to $3.71b in Q1 FY2025
Ordinary income declined 7.7% from a year earlier.
SMBC’s profits down 1.5% to $2.5b in Q1 FY3/2026
Net interest income rose, but net trading and other operating income declined.
Mizuho’s profits up 1.2% to $1.93b in Q1 FY2025
MFG has revised its full-year earnings outlook upward.
SMBC appoints Joy Kwek to lead capital markets & solutions in APAC
Kwek joins from Morgan Stanley.
Mizuho to acquire majority of Upsider’s shares for $309.8m
Upsider provides corporate credit card and invoice payment services.
MUFG and JICA establish sustainable finance framework
It will be applied by MUFG and four partner banks in Southeast Asia.
Shinkin Central Bank’s strong liquidity backed by sticky member deposits
It has very low credit risk in its investment portfolio and loan book, says Moody's.
Demand for loans in Japan “about the same” in April-June
Firms of all sizes saw little change in demand during the period.
American Express opens Centurion Lounge at Tokyo’s Haneda Airport
Cardholders will have access to a specialty drinks and sweets bar.
Japanese banks seek higher interest incomes on rising rates, tamed deposit costs
Credit costs and nonperforming loans remain stable for the banking sector.
Japan’s megabanks brace for lower earnings growth on US uncertainties
They only expect a 7.9% net income growth, lower than the 25.3% previously.
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