Japan's SMFG posts record annual profit despite Q4 tumble

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TOKYO :Japan's second-largest banking group Sumitomo Mitsui Financial Group posted a 75 per cent slump in fourth-quarter net profit but still hit a record 1.18 trillion yen profit for the year on strong demand for loans among Japanese corporations.

SMFG generated net income of 42 billion yen ($285.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndiaJapan

Topics: Group Tokyo Billion Trillion Corporations Year Japanese Financial Record Profit Smfg

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 16:32:05 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 271 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 28706236

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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