ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

MUFG takes $3.3bn loss on Southeast Asian bank write-downs

Stock crash sinks value of Indonesian, Thai and Philippine stakes

Stock market turmoil caused by the coronavirus pandemic is set to weigh heavily on MUFG's earnings.   © Reuters

TOKYO -- Mitsubishi UFJ Financial Group is set to book about 360 billion yen ($3.34 billion) in losses in the just-ended fiscal year on stakes in Southeast Asian banks after the coronavirus pandemic battered stock markets.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more