Japan-based Mitsubishi UFJ Financial Group
(MUFG) has posted a net profit of ¥356.8bn ($4.3bn) for the six
months to 30 September, up 153% compared to the same period last
year.
For the full year, MUFG raised its net
profit forecast to ¥500bn from ¥400bn.
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But first half net operating profits at
MUFG’s retail division declined, down 8.7% from a year ago to
¥205.7bn.
Retail deposits increased by 6.4% to
¥63.2trn.
In a separate announcement, MUFG said it
is to acquire £3.8bn of project finance assets from Royal Bank of
Scotland. The assets involve power, oil and gas, and infrastructure
assets in the UK, Europe, the Middle East and
Asia-Pacific.
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