MUFG Bank Explores Further Acquisitions and Investments in Asia
MUFG Bank, through its newly appointed head of the core banking unit, Masakazu Osawa, is signaling continued interest in acquiring and investing in non-bank financial companies across Asia and other regions. The bank is currently finalizing its purchase of a 20% stake in Indian consumer lender Shriram Finance and has made over $17bn in overseas acquisitions over the past decade. The move is supported by rising domestic interest rates in Japan, which have boosted lending income.
Topics: Asia Expansion Banking Strategy Corporate Leadership Financial Markets M&A