Japan's largest lender MUFG records 7% rise in second-quarter profit
People are reflected in the logo of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter
TOKYO :Japan's Mitsubishi UFJ Financial Group on Friday posted a 7 per cent rise in second-quarter net profit.
Profit for July-September came to 747 billion yen ($4.95 billion) compared to 702 billion yen over the same period a year previously, Japan's largest banking group said.
MUFG hiked its profit forecast to 2.1 trillion yen from 2 trillion yen for the financial year to March 2026.
($1 = 150.7800 yen)
Source: Reuters
