Rakuten Bank Announces Strong Q1 2024 Financials
Company Announcements

Rakuten Bank Announces Strong Q1 2024 Financials

Rakuten Bank, Ltd. (JP:5838) has released an update.

Rakuten Bank, Ltd. reports a robust financial performance for the first quarter ending June 30, 2024, with a 25% increase in ordinary income and a significant 35% rise in profits attributable to owners. The bank’s total assets grew to over 14 trillion yen, while maintaining a stable own capital ratio of 1.9%. No dividend payments have been scheduled, and the bank has included an assumed 5 billion yen for the Rakuten FinTech Reorganization Project in its annual forecast.

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