Chiba Bank Reports Strong Growth in FY2024 Earnings

Chiba Bank ( (CHBAF) ) has released its Q4 earnings. Here is a breakdown of the information Chiba Bank presented to its investors.

Chiba Bank, a prominent financial institution listed on the Tokyo Stock Exchange, operates primarily in the banking sector, providing a range of financial services including deposits, loans, and exchange services. In its latest earnings report for the fiscal year 2024, Chiba Bank reported a significant increase in ordinary income and profit attributable to owners, reflecting robust growth in interest income from loans and securities. The bank’s ordinary income rose by 16.5% to ¥362,179 million, while ordinary profit increased by 19.1% to ¥107,506 million, and profit attributable to owners of the parent grew by 18.9% to ¥74,259 million. These results were driven by increased interest income and a strategic focus on expanding loans, particularly to small and medium-sized enterprises. Despite a decrease in total net assets, the bank’s total assets grew to ¥21,631.2 billion, supported by a rise in deposits and loans. Looking ahead, Chiba Bank projects continued growth in ordinary profit and profit attributable to owners for the fiscal year 2025, with expectations of further strengthening its financial position and enhancing shareholder value.