Bank of Nagoya reports 5.16bn yen unrealized securities losses

Bank of Nagoya reported unrealized losses of 5.16bn yen on held-to-maturity debt securities as of June 30, representing 24.7% of consolidated ordinary profit for the previous fiscal year.

The securities have a book value of 120bn yen versus a market value of 114.8bn yen. The bank said the losses would not impact financial results or dividend forecasts for the current fiscal year.