Japanese lender SMFG's Q3 profit surges 54% on higher interest income

Japanese lender SMFG's Q3 profit surges 54% on higher interest income

FILE PHOTO: People walk past a branch of the SMBC bank of Japan's Sumitomo Mitsui Financial Group Inc (SMFG) in Tokyo, Japan, May 13, 2016. REUTERS/Thomas Peter/File Photo

Japan’s Sumitomo Mitsui Financial Group reported a 54% increase in third-quarter net profit on Wednesday, buoyed by a boost in interest income.

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