MUFG Bank, Ltd. Manila Branch ("MUFG Manila") has received approval from the Bangko Sentral ng Pilipinas (BSP) to operate as a Universal Bank in the Philippines.

The approval marks a significant step in MUFG Manila's growth in the country and reinforces its long-standing commitment to supporting the Philippine financial system and economic development. It also reflects the branch's strong financial position, robust governance framework and consistent adherence to regulatory standards.

Masami Yoshitake, Managing Director and Country Head of the Philippines, MUFG Manila, said: "Securing our Universal Banking License is not only a regulatory milestone, but also a testament to MUFG's enduring commitment to the Philippines. With this license, we can bring the full breadth of MUFG's global expertise to support local clients, foster innovation in financial solutions and contribute meaningfully to the country's sustainable growth journey."

MUFG Manila gained its commercial banking status in 1995, and has since strengthened its capabilities and broadened its range of financial solutions for corporates, financial institutions and other stakeholders. Over the decades, MUFG has played a vital role in supporting the Philippines' economic development. Today, it serves as a trusted financial partner to many Japanese companies operating in the country, while also providing comprehensive banking services to prominent local corporates and conglomerates.

Marie Diana Lynn Singson, Managing Director and Deputy Country Head of the Philippines, MUFG Manila, added: "With the Universal Banking License, we are better equipped to deliver comprehensive solutions that address the evolving needs of corporates and institutions. Our expanded capabilities will allow us to provide deeper engagement, innovative financing structures and long-term support to help our clients achieve their growth ambitions."

MUFG has long maintained a strategic presence in the Philippines, anchored by its partnership with Security Bank Corporation and active participation in initiatives that strengthen the nation's digital and financial ecosystems. As it enters this new chapter, MUFG Manila remains committed to working closely with regulators and stakeholders to ensure its expanded operations uphold the highest standards of integrity and excellence.

Re-disseminated by The Asian Banker