Complete reduction of risk assets as part of its effective withdrawal from overseas investments Relatively strong capitalization for its rating Weaker business franchise and earnings base compared with Japanese major banks Continued low ratio of financing from retail deposits although the ratio is rising at the same time In fiscal 2009 (year ended March 31, 2010), Aozora Bank Ltd. (BBB+/Stable/A-2) posted a net profit of ¥8.3 billion, swinging back from a net loss of ¥242.6 billion in fiscal 2008 (year ended March 31, 2009). The loss in fiscal 2008 was the bank's first since it was reprivatized in 2000, and it was caused by its reduction of risk assets and disposals of losses based on its policy to withdraw from
