• Kyodo News

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Shinginko Tokyo reported Friday an unconsolidated net profit of ¥1.07 billion for the April-September period, the first such profit since the Tokyo Metropolitan Government founded the bank in 2005.

The fiscal 2009 first-half profit, compared with a year-earlier net loss of ¥7.02 billion, came as some nonperforming loan-disposal costs for earlier years were booked as profit for the period due to a smaller-than-expected number of borrower bankruptcies.

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