TOKYO -- Mitsubishi UFJ Trust and Banking is launching three funds in fiscal 2024 to lend to companies and others with money collected from investors.
Mitsubishi UFJ Financial Group's bank screening process will be used to make determinations on deals in mergers and acquisitions and infrastructure financing for lending. Money will be solicited from insurance companies and pension funds. The bank's loan fund balance of more than 140 billion yen ($938 million) will be double the figure from the end of fiscal 2023.
