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Bank of Tokyo is a Japanese bank, established in the month of January 2006 after the merger of the bank of Tokyo-Mitsubishi, Ltd., And UFJ Bank Ltd. The bank is headquartered in Chiyoda, Tokyo, Tokyo Japan, opposite the bank of Japan. Presently the Bank of Tokyo has takashioyamada as the Chief Executive Officer. It traded as Mitsubishi UFJ financial group, a banking company.
History Bank of Tokyo
Before its merger, the bank of Tokyo was a Japanese foreign exchange bank which functioned from 1946 to 1996. However, in January 1996, the bank merged with the Mitsubishi bank to become what we know as the bank of Tokyo-Mitsubishi UFJ.
Bank of Tokyo succeeded the Yokohama Specie Bank, which was the state -chartered foreign exchange bank.
The Yokoyama bank, at first operated as an ordinary bank using the YSB assets Yokoyama bank became registered as a specialist in foreign exchange activities. This is where the bank of Tokyo became a close partner of the ministry of finance and japan bank for international cooperation, working with these bodies to direct Japan’s foreign trade policy during the postwar period.
The bank of Tokyo majorly operated New York and London, this bank primarily developed a system to settle payments between Japanese Yen and Chinese Yuan at the time the direct foreign exchange was possibly impossible.
Bank of Tokyo was the only Japanese bank that employed not just the people of Japan but also employed foreigners due to the international nature of the business.
Historically, the bank of Tokyo operated the foreign exchange counters at Japan international airports, which includes Haneda Airport and Narita International airport, and it was continually operated by the bank of Tokyo’ssuccessor,BTMU.
Today Bank of Tokyo-Mitsubishi has 868 locations.
Products Of Bank of Tokyo
Being the world’s largest and most diversified financial groups, the merger has unique products and services which include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing, etc.
The subsidiaries of Bank of Tokyo include;
- UnionBanCal Corporation.
- Senshu Ikeda Holdings, Inc.
- com SecuritiesCo., Ltd.
Bank of Tokyo-Mitsubishi has an estimated workforce of 33,827 both Japanese and foreigners.
As the largest and most diversified group in the world, the bank of Tokyo has to its credit, a total asset of about ¥160.8 trillion, a super profit of ¥213.9billion.
Bank of Tokyo has an estimated revenue of 2.391trillion and an operating income of 103.8billion.
The bank grows daily, monthly and yearly, having some percentages above what it used to be of the previous years. Nonetheless, the bank of Tokyo’s equity is quoted at
As of 31 October 2010, BTMU was ranked by Bloomberg as the largest bank in Japan and the eighth largest in the world.And has other 772 offices in Japan and 76 offices overseas.
Customer care: 00981354327324.