MUFG Bank, Ltd. is the largest bank in Japan. It was established on January 1, 2006, following the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. The bank serves as the core retail, corporate, and investment banking arm of the Mitsubishi UFJ Financial Group. Its traditional client base is made up of Japanese corporates, but overseas corporate lending increased 35% in the nine months to 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). As of 31 October 2010, MUFG Bank was ranked by Bloomberg as the largest bank in Japan and the eighth largest in the world.
The bank’s head office is in Marunouchi, Chiyoda, Tokyo, and it has 772 other offices in Japan and 76 offices overseas.
Wall Street’s most-followed index S&P 500 continues its fourth straight week of rally hitting new record highs on Tuesday. While the stock market surges, analysts remain divided over signs of economic improvement.
