The Bank of Japan's #BOJ's Financial System Report, covering the financial results of #Japan's bank for fiscal 2022 (ending in March 2023). ?? First, net income increased for major banks and regional banks, while it decreased for shinkin banks. For all types of banks, pre-provision net revenue (PPNR) excluding trading income, which indicates core profitability, increased, although profits were pushed down by a deterioration in realized gains/losses on bondholdings, mainly due to losses on sales of bonds that resulted from the rise in foreign interest rates. ?? Second, PPNR excluding trading income increased at major banks, regional banks, and shinkin banks. For all types of banks, an increase in net interest income contributed to raising PPNR excluding trading income. It was also pushed up by an increase in net non-interest income at major banks, and a decrease in general and administrative expenses at regional banks and shinkin banks. ?? Third, the capital adequacy ratios remained sufficiently above the regulatory requirements for all types of banks, although the ratios declined for internationally active banks, for which valuation gains/losses on securities holdings are included in capital. ?? Subscribe to our weekly LinkedIn newsletter, the "Japan FinTech Observer", here:?https://lnkd.in/gNjUuSxG
