TOMATO BANK,LTD., a second-tier regional bank in Okayama, raised the rate on its 5-year term deposits to 0.65%. Although its over-the-counter rates remain below those of megabanks, net profit for the April–June 2026 quarter expanded to approximately three times the year-earlier level. The strategy centers on combining high-interest products, mainly for new funds.
On 24 September, TOMATO BANK,LTD., headquartered in Okayama City, raised its term deposit rates. The annual rate on 5-year deposits increased from 0.50% to 0.65%, while the rate on 1-year deposits was set at 0.46%, effective from 28 September 2026. The rate on 5-year deposits had previously been as low as 0.002%. Although the rates remain modest, the results suggest that interest rate trends contributed to performance. Mitsubishi UFJ Bank raised its 5-year rate to 1.00% during the same period, putting TOMATO BANK,LTD.'s over-the-counter rate below it.
The consolidated results for the April–June 2026 quarter showed operating revenue up 13.3% year on year to ¥7.343 billion, ordinary profit 2.8 times higher at ¥1.279 billion and net profit 2.9 times higher at ¥869 million. Deposit interest increased approximately 70%, from ¥616 million to ¥1.059 billion, while investment income also rose on increases in interest and dividends on securities and other items, resulting in higher revenue.