Japan’s biggest lender Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU) said the Philippine market plays a crucial role in its goal to become Asia’s Tier 1 financial institution.
BTMU, which recently bought a 20-percent stake in the Philippines’ Security Bank Corp., said it envisions surpassing three of the biggest banks in Asia (HSBC, Citibank and Standard Chartered Bank) by 2020.
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