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Bank begins operations.

MANAMA: Bank of Tokyo-Mitsubishi (BTMU) the commercial banking division of Mitsubishi Financial Group (MUFG), has commenced operations at Bahrain Financial Harbour (BFH). BTMU signed a lease agreement with Bahrain Financial Harbour Holding Company (BFHHC) 10 months ago to occupy the entire 26th floor of the West Tower of BFH's Financial Centre, covering an area of over 1,000 sq/m.

"BTMU has an extensive global network with strong economic connections to the Middle East," said BFHHC chief development and co-ordination officer Eric Fotiadis.

"Their decision to relocate to BFH not only enriches the financial environment at BFH but it simultaneously emphasises the high esteem to which the Financial Centre is held internationally as a world-class environment for international finance.

"We are confident that BTMU will find our advanced establishment and modern systems to be the ideal launch pad for its operations in Bahrain and the wider Middle East."

"Our decision to position ourselves at this prestigious location confirms our ambitions to ensure our extensive selection of financial products and services are readily available to businesses, governments across the region," said BTMU regional head for the Middle East Chu Sakata.

"We are certainly looking forward to a long and productive relationship with BFH."

MUFG is Japan's largest financial services company measured by assets. Headquartered in Tokyo, BTMU has over 790 branches across Japan alone and also has offices in more than 40 countries worldwide spanning Asia, America, Europe, Middle East and Africa.

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Publication:Gulf Daily News (Manama, Bahrain)
Date:Sep 15, 2009
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