Consumer Business / Private Banking
In Japan, the MUFG group companies serve a wide range of financial needs, including deposits, mortgages and card loans, credit cards, investment trusts, and inheritance management.
In recent years, through strategic acquisitions and investment alliances, MUFG is able to offer a suite of products and services that provide financial solutions in the consumer and SME markets.
In the United States, Union Bank, which is a member of MUFG, has more than 400 branches around the country (as of March 2014).
In Asia, we have several consumer business banks:
PT Bank Nusantara Parahyangan Tbk., acquired by Bank of Tokyo-Mitsubishi UFJ (BTMU) and ACOM in 2007, is headquartered in Bandung, Indonesia. The bank offers a suite of products and services to retail customers, such as savings, current, and term deposit accounts.
In 2013, BTMU acquired a 20% stake in VietinBank. It has a network of 150 branches and more than 1,000 transaction offices/ savings offices across Vietnam.
In December 2013, BTMU acquired 72% of Thailand's major commercial bank, the Bank of Ayudhya Public Company Limited (Krungsri). More than 600 domestic branches provide a full range of banking services to both commercial and individual customers.
ACOM, with services largely in Japan, plans to roll out unsecured loans and margin transaction services in Thailand.