The Bank of Tokyo - Mitsubishi UFJ Bank

05/15/2018 | Press release | Distributed by Public on 05/15/2018 02:19

The Conversion of Some Overseas Offices To a Representative Office

MUFG Bank, Ltd.

A member of MUFG, a global financial group

The Conversion of Some Overseas Offices

To a Representative Office

Tokyo, May 15, 2018 --- MUFG Bank today announced its intention to change the status of the Santiago Branch (Chile), Buenos Aires Branch (Argentina) and Karachi Branch (Pakistan) from Branch to Representative Office, subject to regulatory approvals.

Once the status of each is changed to Representative Office, those offices will discontinue booking services. However, they will continue to develop relationships with local customers and adopt an off-shore banking business model, thereby contributing to the growth of its customers and of those regions.

MUFG Bank will continue to endeavor to meet customers' needs better than before, fully leveraging the largest network among Japanese banks.

The impacted Branches

Current

After the Status Change

Santiago Branch

Santiago Representative Office

Buenos Aires Branch

Buenos Aires Representative Office

Karachi Branch

Karachi Representative Office

- End -

About MUFG Bank

MUFG Bank, Ltd. is Japan's premier bank, with a global network spanning around 50 countries. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.

MUFG Bank's parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 1,800 locations in more than 50 countries. The Group has over 150,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to "be the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fosteringshared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges.

For more information, visit https://www.mufg.jp/english

On April 1, 2018 the name of MUFG's commercial bank changed from "The Bank of Tokyo-Mitsubishi UFJ, Ltd." to "MUFG Bank, Ltd." Many of the bank's overseas subsidiaries followed suit on the same day, but branches and subsidiaries in some countries will carry out the name change at a later date. MUFG's New York Stock Exchange ticker symbol also changed to "MUFG."

For more information regarding overseas subsidiaries, visit

http://www.bk.mufg.jp/global/newsroom/announcements/pdf/201803_namechange.pdf