The Bank of Tokyo-Mitsubishi UFJ

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The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Native name 株式会社三菱東京UFJ銀行
Type Subsidiary of Mitsubishi UFJ Financial Group
Industry Financial services
Predecessors The Bank of Tokyo-Mitsubishi, Ltd.
UFJ Bank, Ltd.
Founded January 1, 2006
(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)
Services Personal banking
Corporate banking
Investment banking
Revenue ¥2.391 trillion (2009) Decrease15%
Operating income ¥103.8 billion (2009) Decrease24%
Profit Decrease¥213.9 billion (2009) Decrease113%
Total assets ¥160.8 trillion (as of March 31, 2009) Increase3% from year earlier
Total equity Decrease¥6.857 trillion (as of March 31, 2009) Decrease14% from year earlier
Employees 33,827 (as of March 31, 2009)
Parent Mitsubishi UFJ Financial Group, Inc.
Subsidiaries UnionBanCal Corporation
Senshu Ikeda Holdings, Inc.
kabu.com Securities Co., Ltd.
Website Bank of Tokyo-Mitsubishi UFJ
Head Office in Marunouchi, Tokyo, Japan.
Fuchu Branch

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU; 株式会社三菱東京UFJ銀行 Kabushiki kaisha mitsubishi tōkyō yūefujei ginkō?) is the largest bank in Japan, which was established on January 1, 2006, with the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. The bank serves as the core retail and commercial banking arm of the Mitsubishi UFJ Financial Group.

Its traditional client base is made up of Japanese corporates, however, overseas corporate lending increased 35% in the nine months until December 31, 2011. The bank has steadily increased its tier 1 capital ratios from 7.76% in 2009 to 13.04% as reported in February 2012, and its credit ratings have been unaffected by developments in Europe – Standard & Poor’s assigned BTMU’s most recent series of senior unsecured bonds an A-plus rating (as at February 2012).[1]

As of 31 October 2010, BTMU was ranked by Bloomberg as the largest bank in Japan and the eighth largest in the world.[2]

The bank's head office is in Marunouchi, Chiyoda, Tokyo, Japan, with 772 other offices in Japan and 76 offices overseas.[3]

History[edit]

The Bank of Tokyo-Mitsubishi[edit]

BTMU dates back to 1880 as the Mitsubishi Bank, Ltd. (株式会社三菱銀行 Kabushiki gaisha mitsubishi ginkō?) was founded by former samurai Iwasaki Yatarō, and was a core member of Mitsubishi Group companies. Also, in 1880, the Yokohama Specie Bank was established, which was the forerunner of the Bank of Tokyo, Ltd. (株式会社東京銀行 Kabushiki kaisha tōkyō ginkō?), established in 1945 with most of Yokohama Specie Bank's assets. In April 1996, the Mitsubishi Bank, Ltd. and the Bank of Tokyo, Ltd. merged into the Bank of Tokyo-Mitsubishi, Ltd. (株式会社東京三菱銀行 Kabushiki kaisha tōkyō mitsubishi ginkō?), becoming the world's largest bank in terms of total assets.[4]

UFJ Bank[edit]

UFJ Bank Ltd. (株式会社UFJ銀行 Kabushiki kaisha yūefujei ginkō?) was a Japanese bank originally established by the merger in 2002 of the Sanwa Bank, Ltd. (株式会社三和銀行 Kabushiki kaisha sanwa ginkō?) (based in Osaka), the Tokai Bank, Ltd. (株式会社東海銀行 Kabushiki kaisha tōkai ginkō?) (based in Nagoya), and Toyo Trust and Banking Co., Ltd. (東洋信託銀行株式会社 Tōyo shintaku ginkō kabushiki kaisha?).

The Bank of Tokyo-Mitsubishi UFJ[edit]

In July 2004, Japan's fourth-largest financial group UFJ Holdings, Inc. offered to merge with Mitsubishi Tokyo Financial Group (MTFG). The merger of the two bank holding companies was completed on October 1, 2005, creating the Mitsubishi UFJ Financial Group. The core banking units of MTFG and UFJ Holdings, the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd., respectively, continued to operate separately until January 1, 2006, when the two units combined to form the Bank of Tokyo-Mitsubishi UFJ, Ltd.

Holdings[edit]

  • UnionBanCal Corporation (approx 63% in Feb 2005; 68% in 2004; 100% in 2008)
  • Chong Hing Bank (9.66%)
  • Morgan Stanley (22.41%). On September 29, 2008, Mitsubishi UFJ Financial Group announced that it would acquire a shareholding in Morgan Stanley for US$9 billion. In the midst of the October 2008 stock market crash, concerns over the completion of the Mitsubishi deal caused a dramatic fall in Morgan Stanley's stock price to levels last seen in 1994. Morgan Stanley's share price recovered considerably after Mitsubishi UFJ closed the deal on October 14, 2008.[5][6][7][8]
  • Aberdeen Asset Management (17.6% in January 2011)
  • Bank of Ayudhya (72.01% in April 2014)

References[edit]

  1. ^ "Foreign exchange: BTMU throws off the curse of the zombie bank". Euromoney. 
  2. ^ "Surprise, Surprise - The Biggest Bank In The World Is...". HITC:NEWS. 2010. Retrieved 12 April 2011. 
  3. ^ "About The Bank of Tokyo-Mitsubishi UFJ, Ltd." The Bank of Tokyo-Mitsubishi UFJ. Retrieved on December 7, 2009.
  4. ^ Associated Press (1 April 1996). "Bank of Tokyo-Mitsubishi opens for business as world's biggest". Deseret News. Retrieved 12 April 2011. 
  5. ^ "Fed give OK to Mitsubishi, Morgan Stanley deal". Reuters. October 6, 2008. Retrieved April 14, 2012. 
  6. ^ "Mitsubishi UFJ buys 21% stake in Morgan Stanley". USA Today. October 13, 2008. Retrieved April 14, 2012. 
  7. ^ "Morgan Stanley hangs on Mitsubishi's $9bn pledge". The Guardian. October 11, 2008. Retrieved April 14, 2012. 
  8. ^ "Mitsubishi UFJ Mulls Multi-Billion Dollar U.S. Bank Acquisition". Bloomberg. April 2, 2012. Retrieved April 14, 2012. 

External links[edit]

Media related to Bank of Tokyo-Mitsubishi UFJ at Wikimedia Commons