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When did Mitsubishi UFJ join MUFG?
Where is Mitsubishi UFJ Financial Group / MUFG Bank located?
When did MUFG Bank merge with UFJ Bank?
When did MTFG acquire UFJ?
On 1 October 2005, MTFG completed the acquisition of UFJ Holdings, Japan's fourth largest banking group, to form the Mitsubishi UFJ Financial Group (MUFG), the world's largest bank ranked by assets with ¥190 trillion (approximately $1.7 trillion).
In August 2004, the predecessor companies signed a basic agreement on integration. In October 2005, MUFG was inaugurated via the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings. Mitsubishi UFJ Financial Group is a leading global financial services group and one of the largest banking institutions in Japan.
On April 1, 2018, the bank was renamed to MUFG Bank Ltd. (三菱UFJ銀行, Mitsubishi UFJ Ginkō). This name change aligned the bank name with the holding company name, Mitsubishi UFJ Financial Group (MUFG), removing "Tokyo" from the name.
In 1880, Yataro established the Mitsubishi Kawase-ten (Exchange Store), a financial exchange house that also engaged in the warehousing business. In 1885, Mitsubishi took over the management of the 119th National Bank and formally entered the financial services industry, adopting the name Mitsubishi Bank in 1919.
The core banking units of the group, Bank of Tokyo-Mitsubishi and UFJ Bank, were merged on January 1, 2006 to form The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU). But the roots of the bank go back to the seventeenth century.
Explore Company Profile of MUFG Bank, one of Japan's leading financial companies.
Mitsubishi UFJ Trust and Banking Corporation resulted from the merger of The Mitsubishi Trust and Banking Corporation and UFJ Trust Bank Limited on October 1, 2005.
