You are here

Japanese banks seen losing profit driver as Asian economies slow

BT_20151112_DNJAP12_1971709.jpg
Japanese banks have been expanding in Asia through acquisitions such as Mitsubishi UFJ's 2013 purchase of Bangkok-based Bank of Ayudhya pcl..

Tokyo

JAPAN's three biggest lenders will probably report a drop in second-quarter profit after Asia's economic slowdown weakened overseas loan growth and global financial-market volatility crimped fee businesses.

Combined net income at Mitsubishi UFJ Financial Group Inc, Sumitomo...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes