Fukuoka Financial Group, which includes Fukuoka Bank and Kumamoto Bank, announced a significant increase in profits for the fiscal year 2023, nearly doubling from the previous year. On May 13, the group reported a consolidated net profit of 61.1 billion yen, up from 22% in ordinary revenue to 404.7 billion yen. This growth is attributed to heightened demand for investment funds in sectors like semiconductors and enhanced investment trust fees spurred by the expanded NISA tax-saving investment scheme. Additionally, profits were bolstered by special gains related to the acquisition of Fukuoka Chuo Bank. Source: Fukuoka Financial Group / NHK
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