OREANDA-NEWS. Aozora Bank, Ltd. announced its financial results for the first three months of FY2013.

For the first three months of FY2013 Aozora reported consolidated net revenue of 20.8 billion yen and net income of 13.3 billion yen, representing progress of 23.6% and 32.5%, respectively, towards the full-year forecasts of 88.0 billion yen and 41.0 billion yen.

The Bank recorded net revenue of 20.8 billion yen, an increase of 0.2 billion yen, or 1.0%, year on year. Business profit was 11.0 billion yen, an increase of 0.2 billion yen, or 1.7%, year on year. Net income was 13.3 billion yen, an increase of 2.9 billion yen, or 27.5%, representing progress of 32.5% towards the full-year forecast of 41.0 billion yen.

Aozora will announce its Tier 1 and capital adequacy ratios as of June 30, 2013 at a later date. As of March 31, 2013, these ratios were 15.70% and 16.27%, respectively, and are expected to increase slightly when the final June 30 ratios are announced.