Mitsubishi UFJ Financial Group, Inc. (MUFG) recently announced that its core commercial banking subsidiary, The Bank of Tokyo-Mitsubishi UFJ, Ltd., has changed its name to MUFG Bank, Ltd., as of April 1, 2018.
The name MUFG Bank aligns with the MUFG Group brand and also reflects the significant steps the Group has taken to provide its customers with a broader and more integrated range of financial services. MUFG Bank’s President and CEO, Kanetsugu Mike, said the bank’s business has successfully expanded globally, thanks to the trust and enduring client relationships developed over decades.
“Although the bank’s name has changed, it’s important to understand that our dedication to serving customers, and our unyielding focus on lasting relationships, will continue even as we seek to expand our client base worldwide,” Mr. Mike said. “Our goal is to build on MUFG Bank’s proud heritage as a trusted global bank while seamlessly providing innovative solutions to customers in a rapidly changing financial landscape.”
MUFG Bank serves more than half a million corporate customers in around 50 countries and is committed to supporting its customers’ growth by offering an extensive range of banking and investment products and services. MUFG Bank works in close collaboration with MUFG Group companies worldwide to deliver integrated solutions encompassing banking, trust banking, securities and leasing.
“Since last July, we’ve made use of the phrase, `We are from MUFG…` when making self-introductions,” Mr. Mike added. “Now, with the new MUFG Bank name, we are better able to promote our “MUFG” master brand and reinforce the group-oriented promotion of our business. It will allow us to fulfill our Group’s mission of being a foundation of strength committed to meeting the needs of customers, serving society, and fostering shared and sustainable growth for a better world.”
Re-disseminated by The Asian Banker