Profits and Balance-Sheet Developments of Japanese Banks in Fiscal 1999

Bank of Japan

No 2000-11-30, Bank of Japan Research Papers from Bank of Japan

Abstract: Operating profits of Japanese banks in fiscal 1999 amounted to 4.6 trillion yen, up sharply from 3.8 trillion yen in fiscal 1998. Operating profits from core business --which show the basic profitability of banks-- maintained a relatively high level, recording 5.0 trillion yen, a moderate increase from 4.8 trillion yen in the previous fiscal year. On the other hand, the amount of nonperforming-loan disposal declined sharply to 6.1 trillion yen from the record high of 13.5 trillion yen in fiscal 1998. Nevertheless, it was still larger than operating profits from core business. The figures for recurring profits and net income in fiscal 1999, 2.4 trillion yen and 0.9 trillion yen respectively, were positive for the first time in three years, following two consecutive years of heavy losses. This was because banks posted large net stock-related gains to dispose of their nonperforming loans.

Date: 2000-11-30
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