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Japan's Mitsubishi UFJ to buy Indonesia auto loan firm Mandala for USD 467 mln, ET Auto - Vimarsana News

Japan's Mitsubishi UFJ to buy Indonesia auto loan firm Mandala for USD 467 mln, ET Auto

Published: June 26, 2023

Mitsubishi UFJ Financial Group has agreed to acquire Indonesian auto loan provider Mandala Multifinance for USD 467m to expand its presence in Asia and tap into emerging middle-class consumers in the region. The acquisition will enable MUFG to expand its auto loan business in Indonesia via Adira Dinamika Multi Finance.

Source: indiatimes.com
Related Topics:
Mandala MultifinanceFinancial GroupSingapore United Overseas BankChinese Banking CorpIndonesia Bank Fama InternationalSilvrr TechnologyMitsubishi UfjBank DanamonOversea Chinese Banking CorpSoutheast AsiaAdira Dinamika Multi FinanceUnited Overseas BankSoutheast AsianGrab HoldingsUnited Overseas BankMandala MultifinanceSilvrr TechnologyMufg BankMitsubishi Ufj Financial Group
Japan's Mitsubishi UFJ to buy Indonesia auto loan firm Mandala for US$467 million - Vimarsana News

Japan's Mitsubishi UFJ to buy Indonesia auto loan firm Mandala for US$467 million

Published: June 26, 2023

TOKYO/SINGAPORE: Mitsubishi UFJ Financial Group said on Monday (Jun 26) it was buying Indonesian auto loan provider Mandala Multifinance for 7 trillion rupiahs (US$467 million) to deepen its Asian presence and tap consumption growth in emerging markets. Japanese and other Asian companies have been increasi

Source: channelnewsasia.com
Related Topics:
Mandala MultifinanceChinese Banking CorpIndonesia Bank Fama InternationalSilvrr TechnologyBank DanamonFinancial GroupSingapore United Overseas BankMitsubishi UfjSoutheast AsiaAdira Dinamika Multi FinanceUnited Overseas BankSoutheast AsianGrab HoldingsBank Fama InternationalOversea Chinese Banking Corp