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TOKYO (Reuters) – Sumitomo Mitsui Monetary Group, Japan’s second-largest lender by belongings, raised its annual web revenue forecast on Thursday to a report 1.16 trillion yen ($7.44 billion) after a 27% soar in second-quarter revenue helped partially by increased rates of interest.
SMFG mentioned group web revenue got here to 354 billion yen ($2.27 billion) in July-September, in contrast with 278 billion yen in the identical quarter a 12 months earlier.
It raised its full 12 months steering from 1.06 trillion yen.
($1 = 155.8100 yen)
(Reporting by Anton Bridge; Enhancing by Chang-Ran Kim)
