Bank of Tokyo-Mitsubishi UFJ (BTMU) has completed its acquisition of 30% of Security Bank for PHP 36.5bn ($792m), marking the largest capital investment by a foreign financial institution in the Philippines. This deal also makes BTMU the second largest shareholder of Security Bank, while Security Bank is now an equity affiliate of BTMU. Japan’s biggest banking group, Bank of Tokyo-Mitsubishi UFJ Ltd. The transaction will add to BTMU's existing presence in Southeast Asia, with it owning stakes in several banks and insurance companies across the region.
Bank of Tokyo-Mitsubishi UFJ (BTMU) has completed its acquisition of 30% of Security Bank for PHP 36.5bn ($792m), marking the largest capital investment by a foreign financial institution in the Philippines. This deal also makes BTMU the second largest shareholder of Security Bank, while Security Bank is now an equity affiliate of BTMU. The transaction will add to BTMU's existing presence in Southeast Asia, with it owning stakes in several banks and insurance companies across the region.