The Pak Banker - - FRONT PAGE -

Mit­subishi UFJ Fi­nan­cial Group Inc re­ported on Mon­day an 8 per­cent de­cline in profit for the nine months ended in De­cem­ber, in the ab­sence of wind­fall gains from bad-loan re­serves that boosted the yearear­lier re­sults.

Ja­pan's largest len­der by as­sets said net profit for April-De­cem­ber came in at 852.3 bil­lion yen ($7 bil­lion), down from 927 bil­lion yen a year ear­lier.

The bank said growth in profit from over­seas lend­ing ac­tiv­i­ties made up for tepid credit de­mand at home for the pe­riod. But the len­der's bot­tom­line was partly hurt by credit costs, in a re­ver­sal from the year-ear­lier pe­riod when it booked prof­its from the re­lease of bad­loan pro­vi­sions.

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