TOKYO -- Japan's MUFG Bank is making further inroads into the Philippines with plans to pour roughly 5 billion yen ($47.2 million) into consumer finance company SB Finance.
The Mitsubishi UFJ Financial Group banking subsidiary is making the investment through group member Bank of Ayudhya of Thailand. It will gain a 50% stake in the Philippines' No. 4 provider of unsecured consumer loans by balance.
