Tokyo: Japanese megabank MUFG is developing world business market dynamically. In this strategy, South-East Asia is the most important region.
Through partner banks in the concerned region, MUFG aims to contribute to raise economic prosperity and enrich people’s social life.
Eiichi Yoshikawa, MUFG deputy president, said: “The MUFG aim to achieve more growth in Asia as it is our second home market. There are still many countries, where markets and businesses are growing. We would like to invest our resources in such fields and continue to grow. This is why the Asian market is very important for us.”
“Moreover, Asia has many different kinds of culture in each country, and we have been progressing by experiencing their unique way of thinking. In terms of the Asian market and from the perspective of MUFG’s overseas department, we have achieved 40 per cent of our net operating profit in Asia and in terms of a number of our employees, two-thirds are working in Asia. It is the reason why we can say that Asia is our second market,” added Yoshikawa.
The MUFG deputy president underlined that the demand for consumer finance and auto loan business will increase in the Asian market as the income of people is rising.
“We are also focusing on business matching. And in order to connect our customer business, we worked on strengthening the partnership. For example, we are working together with ‘Bank of Ayudhya (Krungsri)’ from Thailand, ‘Vietinbank’ from Vietnam and ‘Security Bank’ from the Philippines. Business matching between partner banks are also being done, and is spreading in various industries,” Yoshikawa elaborated.
In recent years, the number of tourists to Japan has been increasing and the amount of consumption in the market is rising, Yoshikawa added.
“In such moments of business chances, our credit company ‘Mitsubishi UFJ NICOS’ has worked in partnership with our partner banks. We offer privilege service to the consumer who has a credit card from our partner banks throughout Japan. A customer can get privilege service from business partner shop of ‘Mitsubishi UFJ NICOS’ when they come to Japan,” Yoshikawa further said.