North Pacific Bank, Ltd. Reports Earnings Results for the Nine Month Ended December 31, 2019; Provides Non-Consolidated Earnings Guidance for the Year Ending March 31, 2020
February 10, 2020 at 02:00 am
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North Pacific Bank, Ltd. reported earnings results for the nine month ended December 31, 2019. On a consolidated basis, ordinary profit was JPY 11,074 million compared to JPY 14,423 million a year ago. Profit was JPY 7,297 million compared to JPY 10,737 million a year ago. Ordinary income was JPY 101,732 million compared to JPY 104,471 million a year ago. Interest income was JPY 51,150 million compared to JPY 53,878 million a year ago.
On non-consolidated basis, ordinary profit was JPY 10,987 million compared to JPY 13,899 million a year ago. Net operating profit was JPY 12,495 million compared to JPY 9,319 million a year ago. Net income was JPY 7,631 million compared to JPY 9,878 million a year ago.
For the year ending March 31, 2020, the company expects Ordinary profit to be JPY 15,000 million, Net income to be JPY 10,500 million.
North Pacific Bank Ltd is a Japan-based company mainly engaged in the banking business and the leasing business. The Company operates in two business segments. The Banking segment is engaged in deposit, lending, domestic exchange, foreign exchange, securities and credit card businesses. The Leasing segment is engaged in leasing business. The Company also involved in the credit guarantee business, banking agency business and securities business.
North Pacific Bank, Ltd. Reports Earnings Results for the Nine Month Ended December 31, 2019; Provides Non-Consolidated Earnings Guidance for the Year Ending March 31, 2020
NORTH PACIFIC BANK,LTD. 
