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MUFG Bank

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MUFG Bank, Ltd.
株式会社三菱UFJ銀行
FormerlyThe Bank of Tokyo-Mitsubishi UFJ, Ltd. (三菱東京UFJ銀行) (2005–2017)
Company typeSubsidiary
IndustryFinancial services
PredecessorThe Bank of Tokyo-Mitsubishi, Ltd.
UFJ Bank
FoundedJanuary 1, 2006; 18 years ago (2006-01-01)
(The Mitsubishi Bank, Ltd.; August 25, 1919)
(The Sanwa Bank, Ltd.; 1933)
(The Tokai Bank, Ltd.; 1941)
Headquarters
Chiyoda, Tokyo (Marunouchi 2-7-1, Chiyoda-ku, Tokyo, 100-8388, Japan)
,
Japan
Number of locations
868 branches (as of March 31, 2009)
Area served
Worldwide
Key people
Katsunori Nagayasu, (president)
ServicesRetail banking
Commercial banking
Investment banking
RevenueDecrease US$46.83 billion (2020)
Decrease US$6.246 billion (2020)
Decrease US$2.7 billion (2020)
AUMIncrease US$2.27 trillion (2020)
Number of employees
Increase 32,186 (2020)
ParentMitsubishi UFJ Financial Group
SubsidiariesMUFG Americas Holdings Corporation
Senshu Ikeda Holdings
kabu.com Securities Co., Ltd.
Bank of Ayudhya
Bank Danamon
Morgan Stanley(23.3%)
Websitewww.bk.mufg.jp/global/

MUFG Bank, Ltd. (株式会社三菱UFJ銀行, Kabushiki gaisha Mitsubishi Yūefujei Ginkō) is a Japanese bank and the core banking subsidiary of the Mitsubishi UFJ Financial Group (MUFG).[1] It was established on January 1, 2006 through the merger of the Bank of Tokyo-Mitsubishi (株式会社東京三菱銀行, Kabushiki kaisha tōkyō mitsubishi ginkō) and UFJ Bank (株式会社ユーエフジェイ銀行, Kabushiki kaisha yūefujei ginkō), two major banking groups that themselves were the product of recent banking mergers. The bank was first named Bank of Tokyo Mitsubishi UFJ, initialed as BTMU, before rebranding as MUFG Bank in July 2018.[2]

MUFG Bank, along with Sumitomo Mitsui Banking Corporation and Mizuho Bank, is recognized as one of the three so-called megabanks in Japan. As of June 23, 2019, it was ranked as the largest bank in Japan and the third largest in the world.[3]

The bank's head office is in Marunouchi, Chiyoda, Tokyo, and it has 772 other offices in Japan and 76 offices overseas.[4]

References

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  1. ^ "Products and Services: Corporate & Investment Banking". bk.mufg.jp. The Bank of Tokyo-Mitsubishi UFJ. Archived from the original on February 22, 2015. Retrieved February 22, 2015.
  2. ^ "Bank of Tokyo-Mitsubishi UFJ rebranded as MUFG Bank". Gulf News. July 16, 2018.
  3. ^ "The 10 Largest Banks in the World". 2019. Archived from the original on July 12, 2019. Retrieved August 12, 2019.
  4. ^ "About The Bank of Tokyo-Mitsubishi UFJ, Ltd. Archived February 10, 2010, at the Wayback Machine" The Bank of Tokyo-Mitsubishi UFJ. Retrieved December 15, 2009.
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