Bank of Tokyo Mitsubishi UFJ Financial Group
(MUFJ) Japan’s largest financial group has posted a net income of ¥
551.8bn ($6.7bn) for the nine months to December 2010, an increase
of 154.2% from the corresponding period a year ago.
MUFJ’s total assets as of 31 December 2010
remained flat at ¥202.6tr compared to the prior year.
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Net interest income fell by 16.5% in nine
months to December to ¥1.9tr; income from fees and commission
declined by 1.2% to ¥825.4bn.
Deposits at the end of December were ¥118.8tr,
an increase of 4% year on year.
Net income for the nine months to December
MUFJ’s domestic rivals, Mizuho Financial Group and Sumitomo Mitsui Financial Group soared by 234%
and 107.9% from the corresponding period a year ago.
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