Dubai: As part of a global initiative to bring together its banking operations under one brand, MUFG announced that its core banking subsidiary has been renamed MUFG Bank.
This is part of a global shift by Japan’s largest financial group to leverage its strength and expertise, providing seamless financial solutions to clients around the world.
MUFG’s presence in the Middle East dates back to 1926, and has branches today in Dubai, Abu Dhabi, and Bahrain, and a marketing office in Doha. In late 2018, MUFG will open a new branch in Riyadh.
The name change is effective from July 16, 2018 and the bank’s relevant legal entity names have been renamed.
The Bank of Tokyo Mitsubishi, DIFC-Dubai has been renamed MUFG Bank, Ltd., DIFC Branch — Dubai. The Bank of Tokyo Mitsubishi, Bahrain has been renamed MUFG Bank, Ltd., Bahrain Branch; The Bank of Tokyo Mitsubishi, Doha has been renamed MUFG Bank, Ltd., Doha Office and The Bank of Tokyo Mitsubishi, Abu Dhabi has been renamed MUFG Bank, Ltd., Abu Dhabi Branch.
MUFG’s international network spans over 50 countries and it is one of the world’s leading financial groups with total assets of approximately $2.7 trillion (Dh9.92 trillion).
