MUFG

Retail Asia02/08/2018

Indonesian regulators have cleared Japanese lender Mitsubishi UFJ Financial Group’s plan to increase its stake in Bank Danamon to 40 percent, bringing it closer to completing what could be the biggest takeover of an Indonesian firm. The Financial Services Authority (OJK) approved MUFG’s planned purchase of a 20.1 percent stake from shareholder Asia Financial, MUFG […]

Retail Asia01/02/2017

Mitsubishi UFJ Financial Group, Japan’s biggest bank, agreed to buy a 20 percent stake in Philippine lender Security Bank Corp. for 36.9 billion pesos ($773 million) as it deepens its expansion in Southeast Asia. Security Bank accepted MUFG’s offer to buy 150.7 million newly issued common shares at 245 pesos each and 200 million preferred […]

Retail Asia26/05/2016

One of the more significant banking stories of the year is the acquisition of Bank of Tokyo Mitsubishi UFJ (BTMU) of a 20 percent share in a local bank. It’s a move that many predict will eventually lead to a larger ownership stake in the future. BTMU CEO Go Watanabe (Asia and Oceania Region) is […]

Retail Asia10/07/2015

Go Watanabe, CEO, Asia-Oceania at Mitsubishi UFJ said that we’re looking for a bank that is very strong in both corporate and retail consumer finance akin to Bangkok-based Bank of Ayudhya Pcl. Photo: Bloomberg Singapore: Two years after spending about $5 billion buying a Thai bank, Mitsubishi UFJ Financial Group Inc. is looking for a […]

Tag: MUFG

MUFG will have more stake in Bank Danamon Indonesia to 40%

MUFG to Buy $773 Million Stake in Philippines’ Security Bank

Japanese bank eyes bigger foothold in PH

Mitsubishi UFJ considers buying Asian bank similar to Thai unit