Financial Results of Japan's Banks for Fiscal 2023
September 13, 2024
Financial System and Bank Examination Department
Bank of Japan
Abstract
The three main features of the financial results of Japan's banks for fiscal 2023 are as follows:
First, net income increased for major financial groups, regional banks, and shinkin banks. For all types of banks, net income was pushed up by an improvement in realized gains/losses on securities holdings as pre-provision net revenue (PPNR) excluding trading income and profits/losses from investment trusts due to cancellations, which indicates core profitability, increased.
Second, PPNR excluding trading income and profits/losses from investment trusts due to cancellations increased for all types of banks. It was mainly pushed up by an increase in net non-interest income at major banks, and an increase in net interest income at regional banks and shinkin banks.
Third, the capital adequacy ratios remained sufficiently above the regulatory requirements for all types of banks, as the ratios were more or less unchanged for domestic banks and increased for internationally active banks, for which valuation gains/losses on securities holdings are included in capital.
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Inquiries
Financial Institutions Divisions 1 and 2
Financial System and Bank Examination Department
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