Japan’s 5 largest banking groups post 2.7% profit gains for April-June
The combined group net profits of Japan’s five major banking groups in April-June increased 2.7% from a year earlier to ¥1.375 trillion ($9.34 billion), due partly to growth in income from their lending operations reflecting interest rate hikes by the Bank of Japan, according to their earnings reports released by Monday. Net profit grew 1.5%