Rus News Journal

Mitsubishi UFJ net profit has decreased on 66,2 %

Net profit of one of the largest world banks - Mitsubishi UFJ Financial Group Inc. In I quarter 2008 - 2009, come to the end on June, 30th 2008., has decreased on 66,2 % and has made 51,2 mlrd yens (475 million dollars) against 151,26 mlrd yens (1,4 mlrd dollars), received for the similar period year before.
 
Such data contains in published today, on August, 5th, the financial report of the company. The company gain in I quarter 2008 - 2009 has decreased on 7,1 % - with 1,55 trln yens (14,38 mlrd dollars) to 1,44 trln yens (13,36 mlrd dollars) .
 
the Company connects decrease in financial indicators for the accounting period with universal financial crisis.
 
Profit MUFG to the taxation for I quarter 2008 - 2009 was reduced three times - to 93,86 mlrd yens (870 million dollars) against 293 mlrd yens (2,71 mlrd dollars) for April - June 2007.
 
the Bank also has informed that following the results of accounting quarter its dead losses from depreciation of the American securities provided with a mortgage of a category subprime, have made 16 mlrd yens (148 million dollars). Besides, Mitsubishi UFJ also has confirmed the forecast on net profit current fiscal year (will come to the end on March, 31st 2009.) - at level 640 mlrd yens (5,93 mlrd dollars) .
 
we Will remind that following the results of 2007 - the 2008 which has come to the end on March, 31st 2008., Mitsubishi UFJ net profit has decreased on 27,7 % and has made 636,62 mlrd yens (6,12 mlrd dollars) against 881 mlrd yens (8,46 mlrd dollars), received year before. The company gain for 2007 - has grown 2008 on 4,9 % - with 6,09 trln yens (58,51 mlrd dollars) to 6,39 trln yens (61,4 mlrd dollars) .
 
the World`s largest bank of Mitsubishi UFJ Financial Group Inc. Has been formed in 2005. As a result of merge in cost 30 mlrd dollars of two large Japanese banks - Mitsubishi Tokyo Financial Group and UFJ Holdings. After transaction end the incorporated corporation has selected a palm in bank sector American Citigroup, before association of Japanese banks considered as the world`s largest bank. Mitsubishi UFJ has 80 thousand employees, has an extensive foreign network, and in 2006. Has obtained the licence for operations in Russia.
 
RosBusinessConsulting