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MUFG's Q3 profit slides as overseas growth costs bite
Published Fri, Feb 2, 2018 · 09:50 PM
Tokyo
JAPAN'S largest lender Mitsubishi UFJ Financial Group (MUFG) posted a 20 per cent decline in net profit for the third quarter, hurt by a weak domestic lending business amid persistently low interest rates.
The bank said its profits were also hurt by an increase in operating costs as it aggressively expanded its overseas business.
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