Saturday, May 26, 2007

My Notes : MUFJ 三菱東京UFJ銀行

Starting with this 《日本金融焦點》大型銀行業獲利料呈兩位數下滑,因消費信貸表現不佳 my curiosity is aroused.

三菱東京UFJ銀行 has always been something I am very interested. The mega bank they try to become with the merger between Mitsubishi and UFJ. But can this bank compete with other foreign-owned bank in Japan and world market? since Japanese banks for long have problems generating profit.

It is the biggest bank in Japan by assets? So what is the biggest bank with other standards? Japan bank?

(Answer: three vast conglomerates in Japan - Mitsubishi-UFJ financial group alongside Mizuho and the Sumitomo Mitsui Financial Group.)

The merger of banks is tough (every merger should be so, but what between banks is tougher.) I read the news it was announced in July 2004, with an objective to complete it by September 2005. However, in the end, after several delays and rescheduling it was supposed to established in October 1st, 2005, but once again put off due to computer system integration problems.

It was finally, officially brought into existence on January 1st, 2006.

Reference and interesting facts:

三菱東京UFJ銀行 is a Japanese bank that was established on January 1, 2006, with the merger of The Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Limited. The bank serves as the core retail and commercial banking unit of the Mitsubishi UFJ Financial Group, the Japanese largest financial services company measured by assets.


Mizuho Bank is active in retail banking with 515 branches and over 11,000 ATMs, the only bank with branches in every prefecture (都道府県).

Chiyoda is one of the 23 special wards in central Tokyo, where many government institutions, such as the Diet (国会), Prime Minister’s residence locate. 永田町, 大手町, 丸の内, 靖國神社(Yasukuni Shrine) are in this ward too. The 3 largest banks are all headquartered here, in Marunouchi.

Read also:

washingtonpost.com: Japan Merger Creates World's Largest Bank

By Akiko Kashiwagi and Peter S. Goodman

Washington Post Foreign Service

Friday, July 16, 2004; 10:46 AM


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