Mitsubishi UFJ's Digital Bank Emut Bank Obtains Banking License, Targeting January-March 2027 Launch

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Summary · why it matters

Mitsubishi UFJ Financial Group announced on the 24th that its digital bank preparatory company received a banking license under the Banking Act from the Financial Services Agency on the same date. The preparatory company will change its trade name to Mitsubishi UFJ Emut Bank and aims to open around January to March 2027. The bank will play a core role in Mitsubishi UFJ's personal financial service Emut, and the service it offers will be named Emut Bank, with details to be announced later. Financial Services Minister Satsuki Katayama, at the handover of the banking license on the 24th, said she expects the bank to provide highly convenient financial services. Emut Bank differs from internet-only banks in that it can also use the branch network of Mitsubishi UFJ Bank, and it aims to attract individual deposits through finely tailored services suited to each customer.

Impact on assets 1

Financials▲
Mitsubishi UFJ Financial Group, Inc.
8306
▲ PositiveRegulationrelevance

MUFG's digital bank preparatory company received a banking license from the Financial Services Agency, enabling its Emut Bank launch.

Off-coverage companies 1

Mitsubishi UFJ eMUTT Banki
Private▲ PositiveRegulationrelevance

Mitsubishi UFJ Emut Bank obtained its banking license and targets a January-March 2027 launch as the core of MUFG's Emut personal financial service.