Mitsubishi UFJ Financial Group, Inc. TYO: 8306 NYSE: MUFG największa japońska grupa finansowo-bankowa

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Mitsubishi UFJ Lease, Hitachi Capital to Merge
Tokyo, Sept. 25 (Jiji Press)--Mitsubishi UFJ Lease & Finance Co. <8593> and Hitachi Capital Corp. <8586> said Thursday that they will merge in April next year in a deal that creates the second-largest leasing company in Japan.
The merged company will have some 10 trillion yen in aggregate assets under management and 100 billion yen in net profit, making it ranked second after industry leader Orix Corp. <8591>.

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Mitsubishi UFJ to End Loans for Coal-Fired Plants
Tokyo, Oct. 16 (Jiji Press)--Mitsubishi UFJ Financial Group Inc. <8306> said Friday that it will reduce its outstanding loans for coal-fired power plant projects to zero in fiscal 2040.
Rivals Mizuho Financial Group Inc. <8411> and Sumitomo Mitsui Financial Group Inc. <8316> have already announced a similar goal.

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Tokyo, Oct. 23 (Jiji Press)--Mitsubishi UFJ Financial Group Inc. <8306> is preparing to launch a digital platform to share customer information among banks, trust banks and securities firms of the group in June next year, Mitsubishi UFJ Morgan Stanley Securities Co. President Saburo Araki has said.
As in the past, the platform will cover only the information of customers who have given their consent, Araki said in a recent interview.

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MUFG Bank Mulling Fee for Dormant Accounts from July 2021
Tokyo, Dec. 26 (Jiji Press)--Japan's MUFG Bank is considering introducing a system in July 2021 to charge a maintenance fee for dormant accounts, informed sources said Saturday.
The core banking arm of Mitsubishi UFJ Financial Group Inc. <8306> plans to charge an annual fee of 1,320 yen including tax for new accounts in which transactions, such as deposits and withdrawals, have not been made for two years since they are opened, the sources said.

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Tokyo, Dec. 24 (Jiji Press)--Mitsubishi UFJ Financial Group Inc. <8306> said Thursday it will promote MUFG Bank Managing Executive Officer Junichi Hanzawa to president and CEO of the core banking unit.
Hanzawa, 55, will become the first MUFG Bank managing executive officer to be directly promoted to president and CEO. The appointment will take effect on April 1 next year.

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Tokyo, Jan. 9 (Jiji Press)--Major Japanese mobile phone carrier NTT Docomo Inc. and MUFG Bank are considering forming a comprehensive tie-up on financial operations, it was learned Saturday.
The core banking arm of Mitsubishi UFJ Financial Group Inc. <8306> plans to launch a bank account giving preferential treatment to users of mobile phone services of NTT Docomo, a unit of Nippon Telegraph and Telephone Corp. <9432>, informed sources said.

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MUFG Bank to Charge Fee for Dormant* Accounts
Tokyo, Jan. 22 (Jiji Press)--MUFG Bank said Friday that it will charge a commission fee from customers if no deposit or withdrawal records are shown for over two years on accounts opened with it on July 1 or later.
The introduction of the fee of 1,320 yen per year by the Mitsubishi UFJ Financial Group Inc. <8306> unit is aimed at preventing dormant bank accounts from being abused. Customers with time deposits and other assets in the bank will be exempt from the fee.

* dormant - ang. uśpiony

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MUFG Bank to Set Up Fund to Promote Renewable Energy
Tokyo, Feb. 20 (Jiji Press)--MUFG Bank said Friday it will set up a fund worth 100 billion yen in fiscal 2021, which starts in April, to provide funding to renewable energy power projects.
These projects will provide electricity to group companies of Mitsubishi UFJ Financial Group Inc. <8306>, the parent of the Japanese bank.

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MUFG Bank May Pay 10 M. Yen for Skilled New Hires
Tokyo, March 13 (Jiji Press)--MUFG Bank will introduce a performance-based pay system for employees with expertise in digital technologies and other areas of specialty, starting with new hires in spring next year.
Under the system, a new university graduate joining the Japanese megabank could earn 10 million yen in the first year, officials of the bank said Friday.

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Tokyo, April 6 (Jiji Press)--
MUFG Bank plans to rebuild its headquarters building in Tokyo's Marunouchi business district for the first time in some 40 years, President and CEO Junichi Hanzawa said in a recent interview.
The Japanese bank hopes to consolidate headquarters functions of group banks and a group securities firm at the new building, according to Hanzawa.

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Tokyo, May 16 (Jiji Press)--Japan's Mitsubishi UFJ Financial Group Inc. <8306> will aim to raise its annual consolidated net profit to at least 1 trillion yen by fiscal 2023, it was learned Sunday.
The target will be included in a new three-year business plan from fiscal 2021, which began last month. Over the previous three years through fiscal 2020, the megabank group's average net profit is around 700 billion yen.

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Mitsubishi UFJ to Launch Financial Service Platform for Smartphones
Tokyo, July 30 (Jiji Press)--Mitsubishi UFJ Financial Group Inc. <8306> plans to launch by year-end a comprehensive platform making various financial services available to smartphone users, informed sources have said.
For the new platform, the major Japanese banking group will partner with brokerage giant Daiwa Securities Group Inc. <8601> and major insurer Tokio Marine Holdings Inc. <8766>, the source said.

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Mitsubishi UFJ Joins Steering Group of Net-Zero Alliance
Tokyo, Aug. 13 (Jiji Press)--Japan's Mitsubishi UFJ Financial Group Inc. <8306> said Friday that it has been elected as a member of the steering group of an international bank alliance that aims to reduce greenhouse gas emissions to effectively zero.
The Net-Zero Banking Alliance, convened by the United Nations, features over 50 banks from around the world. Participating banks are required to set specific goals to achieve net-zero greenhouse gas emissions by 2050

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TOKYO (Reuters) - Mitsubishi UFJ (NYSE:MUFG) Financial Group Inc (MUFG) on Monday predicted net profit would hit a record this financial year, thanks to the release of cash from pandemic-related provisions as well as a drop in other credit-related costs.

Japan's largest lender has also benefited from "strong stock markets and Morgan Stanley (NYSE:MS)", MUFG Chief Executive Hironori Kamezawa told an earnings briefing after the Wall Street bank in which it has a 20% stake had a stellar quarter.

MUFG hiked its profit estimate for the year to end-March by nearly a quarter to 1.05 trillion yen ($9.2 billion), ahead of a Refinitiv consensus estimate of 982 billion.

Kamezawa stressed, however, that the bank needed to "boost its earnings power in its main businesses" if it is to achieve in a more normal business environment its goal of more than 1 trillion yen in net profit by the year ending March 2024.

Shunsaku Sato, a senior credit officer at Moody's (NYSE:MCO) Investors Service, said if the impact of equity-method gains - primarily Morgan Stanley's stake - was excluded, MUFG's pre-provision income during the first-half of the year declined 7%.

"This reflects the profitability challenges faced by MUFG and other Japanese banks in the current ultralow domestic interest rate environment," he wrote in a note to clients.

FEW BANKRUPTCIES

Like a many other banks worldwide, this quarter's earnings were inflated by the release of cash from provisions that had been set aside last year to deal with a potential flood of pandemic-related bad loans.

Corporate bankruptcies in Japan, however, fell to their lowest ever for an April-September period after the government provided small businesses with cash to cushion them from the worst effects of lockdowns, according to Tokyo Shoko Research.

For the July-September quarter, MUFG's net profit surged 83% to 398.4 billion yen. The two other Japanese megabanks, Sumitomo Mitsui (NYSE:SMFG) Financial Group Inc (SMFG) and Mizuho Financial Group Inc also lifted their full-year profit forecasts when they reported last week.

MUFG added it would buy back up to 150 billion yen or 2.33% of its outstanding shares by the end of March.

Though the Japanese bank has pulled back from U.S. retail banking with the $8 billion sale of MUFG Union Bank to U.S. Bancorp, it has said the United States remains a key market.

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Mitsubishi UFJ Financial Group is considering a bid for PT Bank Pan Indonesia, people familiar with the matter said, as the Japanese banking giant seeks to bolster its presence in Southeast Asia’s biggest economy.