Shiga Bank Faces Decreased Quarterly Profits

Shiga Bank, Ltd. (JP:8366) has released an update.

Shiga Bank, Ltd. reports a decline in financial performance for the three months ended June 30, 2024, with ordinary income, ordinary profit, and profit attributable to owners decreasing by 6.3%, 39.2%, and 41.1% respectively, compared to the same period in the previous year. Despite a drop in total assets from March 31, 2024, the bank’s capital adequacy ratio slightly improved. The forecast for the fiscal year ending March 31, 2025, indicates an expected decrease in ordinary profit but a marginal increase in profit attributable to owners.

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