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Shinsei Bank's net profit plunges 52% in 1st half.

Publication: Japan Weekly Monitor
Publication Date: 10-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 4 Kyodo

(EDS: REWRITING)

Shinsei Bank, the reincarnation of the failed Long-Term Credit Bank of Japan (LTCB), said Tuesday its group net profit plunged 52.5% to 33.1 billion yen in the fiscal first half to Sept. 30 from a year earlier.

Group pretax profit at the bank, which was nationalized in 1998 and then sold last year to a private-sector investment group, dived 59.0%...

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