MUFG Group Allocated USD893.4Mn for Banks Acquisition

Mitsubishi UFJ Financial Group Inc (MUFG Group), a holding of PT Bank Nusantara Parahyangan, Tbk (BBNP IJ), allocated fund up to 100 billion yen or equivalent to USD893.4mn, for banks acquisition in Indonesia. Company’s acquisition plan in Indonesia is part of inorganic growth in Asia and United States, since business in Japan are getting saturated like unflattering interest income.

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