May 27, 2015

MUFG record profit masks vanishing loan earnings in Japan

Record profits at Mitsubishi UFJ Financial Group Inc. and at least 26 of the nation’s banks mask vanishing returns on lending in Japan that’s spurring them to venture overseas. Funding costs and administrative expenses related to operating hundreds of branches exceeded what the two ...

Apr 27, 2015

Mizuho agrees to buy additional loans from RBS for $500 million

Mizuho Financial Group Inc., the nation’s third-biggest bank by market value, agreed to buy more North American loans from Royal Bank of Scotland Group PLC for about $500 million (¥60 million) as it deepens an expansion abroad. The $5.6 billion of loan commitments includes ...

Apr 23, 2015

Sharp's ¥200 billion bailout approved by Mizuho, BTMU

Sharp Corp. has effectively been given the green light to receive ¥200 billion ($1.7 billion) in financial support from its two main creditor banks on condition it engages in more drastic restructuring, sources close to the matter said Thursday. Mizuho Bank and the Bank ...

Jan 22, 2015

Demand for corporate loans up for first time in a year

Demand for bank loans among companies rose for the first time in a year, a quarterly Bank of Japan survey revealed on Thursday. According to the January survey, the diffusion index on banks’ views about how domestic corporate loan demand changed over the past ...

Egypt is offered ¥43 billion loans during Abe visit

Jan 18, 2015

Egypt is offered ¥43 billion loans during Abe visit

During talks with Egyptian President Abdel-Fattah el-Sissi in Cairo on Saturday, Prime Minister Shinzo Abe offered around ¥43 billion in loans to Egypt for airport and power grid projects. Egypt was Abe’s first destination of his nearly weeklong Middle East tour. Abe and agreed ...

Oct 9, 2014

Three banks to extend uncollateralized loans to recovering Tepco

Three banks have decided to extend uncollateralized loans to Tokyo Electric Power Co. after judging that the beleaguered utility is recovering with government support, according to sources close to the matter. Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ, and Mitsubishi UFJ Trust and ...