Shiga Bank first quarter profit jumps 14%

Shiga Bank's first-quarter ordinary profit rose 13.9% to 9.33bn yen, with net income up 18.1% to 6.74bn yen.

The growth was driven by a 3.96bn yen increase in ordinary income to 34.98bn yen, led by higher interest on loans and securities. Total assets grew 112.7bn yen to 7.64 trillion yen from the previous fiscal year-end.

The bank maintained its full-year forecasts of 28.3bn yen ordinary profit and 20bn yen net income.