DBRS Morningstar has released a commentary discussing the three Japanese mega banks’ recent FY 2022 results, including MUFG Bank Ltd, Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank Ltd. Key highlights include: • The three Japanese mega banks reported largely stable or improved results in FY 2022 (April 2022-March 2023) compared to FY 2021. • On an aggregate basis, net interest income (NII) from overseas operations increased, meanwhile the banks reported lower credit costs in FY 2...
DBRS Morningstar has released a commentary focusing on Japanese and Australian banks’ exposures to China, Taiwan and Hong Kong. Key points include: • In a scenario of an escalation in tensions surrounding Taiwan’s status, indirect risks could have some implications for Japanese and Australian banks as they have some operations in these regions. • The total credit exposure of Japanese and Australian banks to China, Hong Kong and Taiwan is moderate representing a relatively low proporti...
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