Bank of Tokyo-Mitsubishi UFJ, Ltd., The

Financial Institutions:Banks & Trusts

Summary

Mitsubishi UFJ Financial Group, Inc. (MUFG) is the largest of the Japanese mega-banks and among the largest banks in the world by assets, with ¥203 trillion (U.S. $2.5 trillion) at December 31, 2010. MUFG was formed on October 1, 2005, following the merger of Mitsubishi Tokyo Financial Group, Inc. and UFJ Holdings, Inc. The merger of the principal bank subsidiaries was effective January 1, 2006. The Group comprises five primary operating companies, including the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Mitsubishi UFJ Trust and Banking Corporation (MUTB), Mitsubishi UFJ Securities Co. Ltd., Mitsubishi UFJ NICOS Co. Ltd. (credit card) and Mitsubishi UFJ Lease & Finance Company Limited. Although the Group has the largest foreign exposure of the Japanese mega-banks, with offices and subsidiaries in over 40 countries (including Union Bank, N.A., which DBRS rates A (high) at the operating bank level), most earnings are generated domestically.