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Mizuho group's net balance sinks into red in 1st half.

Publication: Japan Weekly Monitor
Publication Date: 03-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Nov. 26 Kyodo

Mizuho Holdings Inc., the world's largest banking group by assets, said Monday it sank into the red in the fiscal first half ended Sept. 30 as it booked 1,037.5 billion yen in loan-loss charges to clean up its bad loans.

Mizuho, the holding company overseeing Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan, also cited an appraisal loss of 173.16 billion yen on stockholdings...

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