Small Mitsui’s profit is better than interest

(Bloomberg) -The interest rate trek -foot trek on foot of Japan’s interest rates exceeds the profits of analysts estimated in the third quarter. Annual income.

According to the 9 months released on Wednesday, the net income of the second largest bank in Japan has increased by 54 % from the same period last year. As of the three months as of December 31, the three months as of December 31, as of December 31, December 31 In the three months of Japan, Japan rose 54 % ($ 2.6 billion). This surpasses the average of 340.2 billion yen estimated by the three analysts compiled by Bloomberg.

The interest rate of the Bank of Japan has increased interest rates after more than ten years of super monetary policy, thereby enjoying the income of the bumper. As Japanese companies seek to relax cross -equity to improve governance, the lenders also increase the loan party by selling shares in other companies.

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Sumitomo Mitsui is the first result of the three largest loan issues in Japan. The country’s largest bank Mitsubishi FINANCIAL Group Inc. and Mizuho Financial Group Inc. plans to report next week.

In the first nine months, Sumitomo Mitsui’s annual net income forecast accounted for 98 % of 118 %, which did not change. It said that domestic business is the main driving force and the income of the stock.

The domestic loan balance increased by 7 % over the same period last year, distributed among companies and personal customers.

The bank still stated that it still hopes to sell “low -profit assets” in the fourth quarter and prepare for future risks.

It estimates that the increase in interest rates in Japan (so far increased policy interest rates to 0.5 %) will increase net interest income to increase by 200 billion yen. In this fiscal year, the number is expected to be 90 billion yen. It says that every 25 benchmark points will be increased by 100 billion yen.

The bank stated that Chairman Takeshi Kunibe will retire. He will be replaced by Makoto Takashima, the chairman of the main loan department on June 27.

-Fromes with ANSHUMAN DAGA.

(Details of the result of the result of the fifth paragraph)

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