Shinkin Central Bank's Rate Bet Lifts Quarterly Profit as Bond Paper Losses Persist
Shinkin Central Bank's consolidated net profit rose 25.8% to ¥13.5bn in the June quarter on foreign floating-rate bonds and corporate lending, while a separate disclosure showed gross unrealized losses on its held-to-maturity bond book at ¥594bn, more than ten times last year's annual profit before interest-rate hedges are applied.