SRI LANKA > Bank of Tokyo-Mitsubishi UFJ Expands to Colombo, Sri Lanka
Bank of Tokyo-Mitsubishi UFJ Expands to Colombo, Sri Lanka
In January of this year (2016), The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), the commercial arm of Mitsubishi UFJ Financial Group (MUFG) started its operation at the BTMU Colombo Representative Office. This is the first time a Japanese bank has started operations in Sri Lanka. According to the CEO of BTMU Asia & Oceania, Japanese direct investment in Sri Lanka has been growing over the years, hence the establishment of their branch office allows them to support such investment.
BTMU currently has eight offices in South Asia, including now in Colombo. Other branches include:
- India: Mumbai, New Delhi, Chennai, Bangalore, Neemrana
- Pakistan: Karachi
- Bangladesh: Dhaka
- Sri Lanka: Colombo
The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), a member of Mitsubishi UFJ Financial Group, Inc. (MUFG), is Japan’s premier bank, with a global network spanning more than 40 countries. Outside of Japan, BTMU offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with 1,100 offices in over 40 countries. MUFG, is one of the world’s leading financial groups with total assets of JPY 286 trillion or USD $2.4 trillion as of 31 March 2015. MUFG’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. MUFG’s shares are traded on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges respectively.Tags: frontier market, emerging market, FDI in Sri Lanka, The Bank of Tokyo-Mitsubishi, Mitsubishi UFJ Financial Group