Loading
Search
▼ Japan's Top Bank MUFG Forecasts Lower Credit Costs, Beats Profit View
- Category:Other
Japan's top lender Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) posted on Monday a better than expected 47% jump in annual profit and forecast its credit costs will fall this year on expectations of a recovery from the COVID-19 pandemic.
MUFG's credit costs prediction follows those of Sumitomo Mitsui Financial Group Inc (8316.T) and Mizuho Financial Group Inc (8411.T) which last week forecast a similar drop in credit-related costs this year, believing the economy will recover as vaccination proceeds.
MUFG, which owns about 20% of Wall Street bank Morgan Stanley (MS.N), reported a 777 billion yen ($7.11 billion) net profit in the last financial year ended in March.
While Japanese banks have seen an increase in lending since last year as companies rushed to borrow due to the COVID-19 pandemic, a prolonged low-rate environment and a shrinking population have weighed on profits.
MUFG, like other major lenders, has sought growth outside Japan. Last year the bank said it would invest $706 million in Southeast Asia's biggest ride-hailing firm Grab.
As part of its three-year business plan, MUFG said on Monday it is targeting an annual net profit of more than 1 trillion yen by the year ending March 2024, and will put more focus on its Asian business.
Its shares have risen 34.3% year to date, the most among Japan's megabanks, and compared to the benchmark Nikkei index's (.N225) 1.4% gain.
"Although it's true Asian markets will be our main profit source, the COVID-19 impact is also expected to remain in the region," Chief Executive Hironori Kamezawa told an earnings briefing.
The profit may decline once but will increase later, he said.
In the current business year ending in March 2022, the lender expects 850 billion yen in net income compared to the 733 billion yen estimate of eight analysts. It predicts 350 billion yen of credit-related costs, compared to 516 billion yen last year.
MUFG also said it would aim for net zero emissions in its finance portfolio by 2050 and in its own operations by 2030, amid a push by governments to deal with climate change. read more
($1 = 109.2200 yen)
- May 17, 2021
- Comment (1094)
- Trackback(0)
Comment(s) Write comment
¡Buenas!
Juega y gana dinero real. [url=https://bestonlineslots.shop/]juegos de casino en lГnea con dinero real ecuador[/url] Casino online dinero real Ecuador disponible ahora.
Lee este enlace - https://bestonlineslots.shop
Cassino dando giros gratis Ecuador
Juegos de casino en linea con dinero real Ecuador
¡Buena suerte!
Juega y gana dinero real. [url=https://bestonlineslots.shop/]juegos de casino en lГnea con dinero real ecuador[/url] Casino online dinero real Ecuador disponible ahora.
Lee este enlace - https://bestonlineslots.shop
Cassino dando giros gratis Ecuador
Juegos de casino en linea con dinero real Ecuador
¡Buena suerte!
-
RichardBit Web Site
- 15/8 11:12
Greetings!
Is online gambling legal in India varies locally. [url=https://vipcasinooffers.shop/]is online casino legal in india[/url] Check your state laws.
Check this out - https://vipcasinooffers.shop/
Online casino games in India
Online gambling in India
Top 10 online casino in India
Have a great day!
Is online gambling legal in India varies locally. [url=https://vipcasinooffers.shop/]is online casino legal in india[/url] Check your state laws.
Check this out - https://vipcasinooffers.shop/
Online casino games in India
Online gambling in India
Top 10 online casino in India
Have a great day!
-
JosephEmbog Web Site
- 15/8 07:28
¡Hola!
Aprender cГіmo jugar casino en lГnea con dinero real es el primer paso para disfrutar de esta experiencia. [url=https://realcasinogames.shop]casino con dinero real Bolivia[/url] Descubre cГіmo jugar casino en lГnea con dinero real de manera segura y responsable.
Lee este enlace - https://realcasinogames.shop
Casino en lГnea dinero real Bolivia
Como jugar Casino en linea con dinero real Bolivia
Juegos de Casino en linea con dinero real Bolivia
¡Buena suerte!
Aprender cГіmo jugar casino en lГnea con dinero real es el primer paso para disfrutar de esta experiencia. [url=https://realcasinogames.shop]casino con dinero real Bolivia[/url] Descubre cГіmo jugar casino en lГnea con dinero real de manera segura y responsable.
Lee este enlace - https://realcasinogames.shop
Casino en lГnea dinero real Bolivia
Como jugar Casino en linea con dinero real Bolivia
Juegos de Casino en linea con dinero real Bolivia
¡Buena suerte!
-
Jamesclasy Web Site
- 14/8 22:09
শুভেচ্ছা!
[url=https://onlinecasinospins.shop/]অনলাইন জোয়া[/url]
এই লিঙ্কটি পড়ুন - https://onlinecasinospins.shop/
ক্যাসিনো টাকা ইনকাম
অনলাইন ক্যাসিনো সাইট
ক্যাসিনো টাকা ডিপোজিট
শুভকামনা!
[url=https://onlinecasinospins.shop/]অনলাইন জোয়া[/url]
এই লিঙ্কটি পড়ুন - https://onlinecasinospins.shop/
ক্যাসিনো টাকা ইনকাম
অনলাইন ক্যাসিনো সাইট
ক্যাসিনো টাকা ডিপোজিট
শুভকামনা!
-
WilliamSloxy Web Site
- 14/8 18:55
¡Buen día!
Most trusted online casino games platforms prioritize player safety, fair play, and secure transactions above all else. ["C:\soft\forprogon\onlinecasinoreview.shop\Anchore.txt",1,N] Play with confidence on the most trusted online casino games platforms that have earned their reputation through years of reliable service.
Lee este enlace - https://onlinecasinoreview.shop
como jugar casino en linea con dinero real bolivia
¡Buena suerte!
Most trusted online casino games platforms prioritize player safety, fair play, and secure transactions above all else. ["C:\soft\forprogon\onlinecasinoreview.shop\Anchore.txt",1,N] Play with confidence on the most trusted online casino games platforms that have earned their reputation through years of reliable service.
Lee este enlace - https://onlinecasinoreview.shop
como jugar casino en linea con dinero real bolivia
¡Buena suerte!
-
DianeJut Web Site
- 14/8 17:49
Хай!
Казахстан онлайн казино развивается быстро. [url=https://freeplaycasino.shop/]онлайн казино в Казахстане[/url] Новые игры появляются ежедневно.
Здесь подробней: - https://freeplaycasino.shop/
vavada казино онлайн Казахстан вход
онлайн казино КЗ
Пока!
Казахстан онлайн казино развивается быстро. [url=https://freeplaycasino.shop/]онлайн казино в Казахстане[/url] Новые игры появляются ежедневно.
Здесь подробней: - https://freeplaycasino.shop/
vavada казино онлайн Казахстан вход
онлайн казино КЗ
Пока!
-
Timothyagisy Web Site
- 14/8 09:05
Hi!
Experience the excitement of daily jackpots in live online gaming with progressive prizes that grow throughout the day. [url=https://top10casinos.shop]free cash bonus no deposit casino canada real money[/url] Don't miss out on daily jackpots in live online gaming - every spin could be your lucky moment.
Check this example resource - https://top10casinos.shop
online casino canada real money jackpot city
free cash bonus no deposit casino canada real money
Have a great day!
Experience the excitement of daily jackpots in live online gaming with progressive prizes that grow throughout the day. [url=https://top10casinos.shop]free cash bonus no deposit casino canada real money[/url] Don't miss out on daily jackpots in live online gaming - every spin could be your lucky moment.
Check this example resource - https://top10casinos.shop
online casino canada real money jackpot city
free cash bonus no deposit casino canada real money
Have a great day!
-
Jeffreymop Web Site
- 14/8 08:58
Приветствую!
РњРѕР¶РЅРѕ ли играть РІ онлайн казино РІ Узбекистане? [url=https://realmoneycasino.shop/]казино онлайн узбекистан[/url] Рзучите местное законодательство заранее.
Написал: - https://realmoneycasino.shop/
онлайн казино ташкент
лучшие онлайн казино в узбекистане
Будь здоров!
РњРѕР¶РЅРѕ ли играть РІ онлайн казино РІ Узбекистане? [url=https://realmoneycasino.shop/]казино онлайн узбекистан[/url] Рзучите местное законодательство заранее.
Написал: - https://realmoneycasino.shop/
онлайн казино ташкент
лучшие онлайн казино в узбекистане
Будь здоров!
-
JamesLer Web Site
- 13/8 13:17
Aloha!
Online casino games in India include live dealers. [url=https://newcasinosites.shop]best online casino india[/url] Experience real casino action.
Read the link - https://newcasinosites.shop
top 10 online casino in india for real money
is online gambling legal in india
Enjoy!
Online casino games in India include live dealers. [url=https://newcasinosites.shop]best online casino india[/url] Experience real casino action.
Read the link - https://newcasinosites.shop
top 10 online casino in india for real money
is online gambling legal in india
Enjoy!
-
Rodneyevano Web Site
- 13/8 07:24
Aloha!
Unlock incredible value with our live online gaming casino no deposit bonus codes that require no initial investment. [url=https://mobilecasinoplay.shop/]online casino real money no deposit canada[/url] Claim your live online gaming casino no deposit bonus codes today and start playing immediately without spending a penny.
Check this out - https://mobilecasinoplay.shop
online casino real money no deposit canada
Best of luck!
Unlock incredible value with our live online gaming casino no deposit bonus codes that require no initial investment. [url=https://mobilecasinoplay.shop/]online casino real money no deposit canada[/url] Claim your live online gaming casino no deposit bonus codes today and start playing immediately without spending a penny.
Check this out - https://mobilecasinoplay.shop
online casino real money no deposit canada
Best of luck!
-
JosephNox Web Site
- 13/8 07:13
¡Buen día!
Casino real online chile se destaca por su compromiso con la transparencia y la satisfacciГіn del cliente. [url=https://jackpotwins.shop/]casino real online chile[/url] Elige casino real online chile para disfrutar de juegos honestos y oportunidades reales de victoria.
Lee este enlace - https://jackpotwins.shop
tu casino en casa chile
¡Buena suerte!
Casino real online chile se destaca por su compromiso con la transparencia y la satisfacciГіn del cliente. [url=https://jackpotwins.shop/]casino real online chile[/url] Elige casino real online chile para disfrutar de juegos honestos y oportunidades reales de victoria.
Lee este enlace - https://jackpotwins.shop
tu casino en casa chile
¡Buena suerte!
-
Peterlig Web Site
- 12/8 12:05
¡Hola amigo!
El casino en lГnea dinero real ofrece premios reales. [url=https://smartphonecasino.cfd]casino en lГnea dinero real[/url] Gana desde tu casa hoy.
Lee este enlace - https://smartphonecasino.cfd/
juego casino real
casino en lГnea dinero real
casino online mГ©xico dinero real
¡Buena suerte!
El casino en lГnea dinero real ofrece premios reales. [url=https://smartphonecasino.cfd]casino en lГnea dinero real[/url] Gana desde tu casa hoy.
Lee este enlace - https://smartphonecasino.cfd/
juego casino real
casino en lГnea dinero real
casino online mГ©xico dinero real
¡Buena suerte!
-
BradleyGep Web Site
- 12/8 06:38
Добрый день!
Онлайн казино Казахстана соответствует стандартам. [url=https://mobilecasinogames.cfd]10 лучших казино онлайн казахстан[/url] Безопасность игроков на первом месте.
Читай тут: - https://mobilecasinogames.cfd
пин ап казино онлайн казахстан
проверенные онлайн казино с выводом денег казахстан
онлайн казино в казахстане
Пока!
Онлайн казино Казахстана соответствует стандартам. [url=https://mobilecasinogames.cfd]10 лучших казино онлайн казахстан[/url] Безопасность игроков на первом месте.
Читай тут: - https://mobilecasinogames.cfd
пин ап казино онлайн казахстан
проверенные онлайн казино с выводом денег казахстан
онлайн казино в казахстане
Пока!
-
DanielShork Web Site
- 12/8 02:01
Здарова!
РњРѕР¶РЅРѕ ли играть РІ онлайн казино РІ Узбекистане? [url=https://casinostrategies.cfd/]казино онлайн узбекистан[/url] Рзучите местное законодательство заранее.
Здесь подробней: - https://casinostrategies.cfd/
топ онлайн казино узбекистан
казино онлайн узбекистан
онлайн казино ташкент
Пока!
РњРѕР¶РЅРѕ ли играть РІ онлайн казино РІ Узбекистане? [url=https://casinostrategies.cfd/]казино онлайн узбекистан[/url] Рзучите местное законодательство заранее.
Здесь подробней: - https://casinostrategies.cfd/
топ онлайн казино узбекистан
казино онлайн узбекистан
онлайн казино ташкент
Пока!
-
Gilberttat Web Site
- 11/8 10:10
Современное онлайн казино uz безопасно. [url=https://casinowithjackpot.shop/]можно ли играть в онлайн казино в Узбекистане[/url] Защита данных.
Читай тут: - https://casinowithjackpot.shop
Казино онлайн Узбекистан
Онлайн казино Ташкент
Можно ли играть в онлайн казино в Узбекистане
Бывай!
Willisalism Web Site- 16/8 04:01