Mizuho expects its 2005 profit to fall 20%

An experienced guide to the world of finance
providing tools and information that help make
best financial decisions

		My FinanceGates.com		Register

Home

News |

Banking

News & Commentary

News

Reviews

Columnist Articles

RSS News

Economy

Economic Charts

Financial Calendars

Banking & Loans

Loan Rates

Deposit Rates

Rate Alert

Banking Top Rating

Education

Banking

Investing

Stock Brokerage

Dictionary

Financial Directory

Banking

Funds

Insurance

Stock Brokerage

Billing

My FinanceGates

MLS Canada

Market News	Insurance	Billing
Banking	Business News	World News
Funds	Brokerage

Monday May 23, 07:40

Mizuho expects its 2005 profit to fall 20%

(by Roy Deng)

Send link to friend

Mizuho Financial Group said today that it expects its 2005 profit to fall 20% on weak demand for loans.

As expected, profit will decline to 500 billion yen ($4.6 billion) from 627.4 billion yen last fiscal year. Revenue may be steady at 3 trillion yen.

Mizuho also reported that it reduced its bad-loan ratio to 2.16% from 2.8% at the end of 2004 and 6.3% in 2003. The bank expects to reduce the ratio to below 2% in the coming year.

The bank is planning to spend 970 billion yen on buying back its stocks.

All banking news

Read the related news and articles:
26 Apr 2005 04:56 PM	Mizuho to list on NYSE
02 Apr 2005 03:53 AM	Mizuho Bank lost confidential information

SUBSCRIPTION

Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.

Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2008. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.