Mizuho Financial Group (MFG), Japan’s third
largest bank by market value, has posted a net income of ¥422.1bn
($5.1bn) for the nine months to December 2010, an increase of 234%
from the corresponding period a year ago.

MFG’s total assets as of 31 December 2010
remained flat ¥154bn compared to the prior year.

Net interest income fell by 9% in nine months
to December to ¥1.1tr; income from fees and commission increased by
2% to ¥404.2bn.

Deposits at the end of December were ¥74.86tr,
a marginal increase of 6 % year on year.

Japan’s second largest bank by market value,
Sumitomo
Mitsui Financial Group recorded a 107% increase in net income

for the nine months to December 2010.

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