Norinchukin Posted Y70Bln Pretax Profit For April-June

Norinchukin Bank, the central bank for agriculture and fishery cooperatives have posted Y78.9 billion in parent-only pretax profit for the April-June period, surpassing the Y70 billion target for this entire fiscal year. The bank earned the profit from sales of government bonds and other securities. Its capital adequacy ratio rose to 17.10% as of June 30, an increase of 1.45% over March 31.