Mizuho FG To Log Net Loss Of Over Y500 Billion In Fiscal Year 2008-Kyodo
23 Aprile 2009 - 5:12AM
Dow Jones News
Mizuho Financial Group Inc. (8411.TO) is expected to post a net
loss of over Y500 billion in fiscal 2008 due to a surge in disposal
costs for bad loans, Kyodo News reported Thursday, citing people
close to the matter.
Mizuho Financial, one of Japan's three megabank groups, said in
May last year that its group net profit fell 49.8 percent in fiscal
2007 from a year earlier to Y311.22 billion.
The megabank's losses stemmed from the impact of the U.S.
subprime mortgage crisis.