Resona Holdings Inc. on Monday reported a group net loss of 1.66 trillion yen for the year that ended March 31, with the bailed-out banking group having spent some 1.41 trillion yen on bad-loan writeoffs.

In a group earnings report for fiscal 2003, the banking group said the net loss had nearly doubled from the previous year's loss of 837.63 billion yen.

The group said its capital adequacy ratio stood at 7.75 percent as of March 31 -- above the 4 percent threshold set for banks that operate domestically.