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KM Financial Solutions | Japan bank SMFG’s annual profit misses view, flags virus costs in current year
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Japan bank SMFG’s annual profit misses view, flags virus costs in current year

14 May Japan bank SMFG’s annual profit misses view, flags virus costs in current year

Posted at 09:06h in News by
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Sumitomo Mitsui Financial Group
, Japan’s second largest lender by assets, reported on
Friday a smaller than expected full-year net profit and flagged
450 billion yen ($4.20 billion) of credit-related costs this
year amid the coronavirus outbreak.

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