TOKYO (Reuters) – Japan’s third-largest lender by assets, Mizuho Financial Group, reported 17.9% growth in first-quarter profit on Wednesday as the long-awaited end of negative interest rates lifted profit margins on lending.
For the April-June quarter, Mizuho reported group net profit of 289 billion yen ($1.89 billion), compared with 245 billion yen in the same period a year earlier.
($1 = 152.8200 yen)
(Reporting by Anton Bridge; Editing by David Dolan and Tom Hogue)
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