JAPAN'S BANKS SEEK GROWTH IN NEW MARKETS

The Banker's Top 1000 World Bank Rankings 2023 showed the country's banks have continued to see a decline in their Tier 1 capital in the year to March 2023, with all but one of the 82 in the ranking suffering a drop. Mitsubishi UFJ Financial Group (MUFG), Japan's largest bank, is in 1...

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Bibliographic Details
Published in:The Banker 2023-10, p.52
Main Author: Long, Kimberley
Format: Article
Language:English
Subjects:
Banking industry
Capital markets
Consumer Price Index
Corporate responsibility
COVID-19
Economic development
GDP
Gross Domestic Product
Inflation
Interest rates
International banking
International finance
Investment banking
Liquidity
Pandemics
Profits
Ranking systems
Regional banks
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Summary:The Banker's Top 1000 World Bank Rankings 2023 showed the country's banks have continued to see a decline in their Tier 1 capital in the year to March 2023, with all but one of the 82 in the ranking suffering a drop. Mitsubishi UFJ Financial Group (MUFG), Japan's largest bank, is in 14th place in the Top 1000 ranking with $111.3bn in Tier 1 capital, an 11.93% decline on the previous year. [...]last year, the bank had ranked within the top 10 overall and at its peak in the 2018 ranking, it reported $153bn in Tier 1 capital. According to Mr Yamamoto: "The high level of liquidity in the banks is built on the basis of strong retail deposits. According to S&P Global Ratings senior director Ryoji Yoshizawa, while rate rises have been positive and increased net revenues, this is limited to the larger banks.
ISSN:0005-5395