Key facts
- Mizuho International plc's profit in Europe more than doubled to £17 million for the fiscal year ending March 31, 2024.
- The bank is actively hiring dealmakers and aiming to increase its market share.
- An amendment was made to the company's annual report concerning an audit exemption for a subsidiary.
Mizuho International plc, the European arm of the Japanese financial services giant, has reported a significant increase in its profitability, with earnings more than doubling to £17 million for the financial year ending March 31, 2024. This growth comes as the bank continues to bolster its dealmaking capabilities and pursue market share gains within the region. The company has recently undergone a shake-up in its senior ranks in May, signaling a strategic push for expansion.
In a separate development, Mizuho International plc amended its annual report on July 30, 2024. The amendment, made to the accounts of Mizuho EMEA Corporate Services Limited, clarified an exemption from the audit requirement for the financial year ended March 31, 2024, under Section 479A of the Companies Act 2006. Mizuho International plc provided a guarantee and agreement from its members in connection with this exemption. The amendment does not alter the previously disclosed financial balances.