Best bank: MUFG
MUFG, Japan’s largest bank, had an excellent financial year in the 12 months to March 2024, setting new records for the group.
Net profit rose by an impressive 33% to ¥1.49 trillion ($9.5 billion), with income growing at the same pace. MUFG has set its sights on further growth, aiming to raise profits to more than ¥1.6 trillion by March 2027, the final year of its new medium-term business plan.
The banking giant’s net operating profit before provision surpassed its competitors, securing the top position among the three megabanks for the first time in six years – and the award for Japan’s best bank.
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