THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. (BTMU;
株式会社三菱東京UFJ銀行, Kabushiki Gaisha
Yūefujē Ginkō) 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
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, BTMU was ranked by Bloomberg as the largest
bank in Japan and the eighth largest in the world.
The bank's head office is in
Chiyoda, Tokyo , and it has
772 other offices in Japan and 76 offices overseas.
* 1 History
* 1.1 Formation
* 1.2 Post-merger operations
* 2 Holdings
* 3 References
* 4 External links
BTMU is the product of three bank mergers that occurred between 1996
Mitsubishi Bank was founded in 1880 by a former samurai, Iwasaki
Yatarō , and was a core member of the
Mitsubishi Group of companies.
It merged with The
Bank of Tokyo
Bank of Tokyo in 1996 to form The
Tokyo-Mitsubishi, Ltd. (株式会社東京三菱銀行, Kabushiki
kaisha tōkyō mitsubishi ginkō), which at that point was the world's
largest bank in terms of total assets. In 1998, upon merger of the
then second and third largest Swiss banks, Union
Bank of Switzerland
Swiss Bank Corporation , the newly created
UBS AG became the
second largest in the world at the time, behind only the
Bank of Tokyo
Bank of Tokyo had historically focused on
foreign exchange business since its foundation as the Yokohama Specie
Bank in 1880, while
Mitsubishi had had a stronger focus on domestic
corporate and retail banking. Both banks were relatively healthy in
the wake of the
Japanese asset price bubble
Japanese asset price bubble .
Until the Tokyo-
Mitsubishi merger took place in 1996,
Sanwa Bank ,
which was based in Osaka and was the anchor of the Sanwa Group
keiretsu , had been considered the strongest bank in Japan, and it had
aimed to be the world's largest bank during the "bubble era". By
2000, however, Sanwa was the fourth largest bank in Japan. It entered
into merger talks with two other large banks,
Asahi Bank and Tokai
Bank , to create the world's third-largest bank by assets. Asahi (now
Resona Holdings ) pulled out of these talks later that year.
By 2001, The Toyo Trust & Banking Co. had been added to the merger
group and the combined company was to be called United Financial
Holdings of Japan. The merger was completed in 2002 and the new bank
was officially named UFJ
(株式会社ユーエフジェイ銀行, Kabushiki kaisha yūefujei
ginkō). UFJ was headquartered in Nagoya, the historical headquarters
of Tokai Bank. During its short life, it was plagued by bad debt
problems and by infighting between the employees of its predecessor
The holding companies of BTM and UFJ agreed to merge in 2005, forming
Japan's largest bank by assets and market capitalization. This led to
litigation between BTM and Sumitomo Trust PwC itself was fined $25
million in relation to the matter.
UnionBanCal Corporation (approx 63% in Feb 2005; 68% in 2004; 100%
Chong Hing Bank (9.66%)
Morgan Stanley (22.41%). On September 29, 2008,
Financial Group announced that it would acquire a shareholding in
Morgan Stanley for US$9 billion. In the midst of the October 2008
stock market crash, concerns over the completion of the Mitsubishi
deal caused a dramatic fall in Morgan Stanley's stock price to levels
last seen in 1994. Morgan Stanley's share price recovered considerably
Mitsubishi UFJ closed the deal on October 14, 2008.
* ^ "Products and Services: Corporate & Investment Banking".
Bank of Tokyo-
External link in website= (help )
* ^ "Foreign exchange: BTMU Throws Off the Curse of the Zombie
* ^ "Surprise, Surprise - The Biggest
Bank In The World Is...".
HITC:NEWS. 2010. Retrieved 12 April 2011.
* ^ "About The
Bank of Tokyo-
Mitsubishi UFJ, Ltd." The
Mitsubishi UFJ. Retrieved on December 15, 2009.
* ^ Associated Press (1 April 1996).