According to The Jiji News, five major Japanese banking groups' combined net profits in April-December 2023 grew 50.7 pct from a year before to 2,896.4 billion yen, hitting their first record high in nine years.
The result reflected robust funding demand in Japan and abroad as well as an improvement in profit margins on loans due to higher interest rates, according to their latest earnings reports released. https://sp.m.jiji.com/english/show/31132
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