Affin Bank, MUFG Bank ink MoU on Malaysia, Japan collaboration


Affin Bank president and group CEO Datuk Wan Razly Abdullah

KUALA LUMPUR: Affin Bank Bhd has inked a partnership with MUFG Bank (Malaysia Bhd), a unit of Mitsubishi UFG Financial Group Inc, to cooperate in strategic sectors aligned with the industrial masterplans of Japan and Malaysia.

In a joint statement, the banks said the approach aligns with Malaysia’s aspiration of becoming a regional hub for renewable energy and the digital economy.

Additionally, both institutions will establish platforms for knowledge-sharing on employee engagement, management efficiency, and leadership growth.

This initiative includes talent exchange programmes, secondments, and cross-organisational redeployments to enhance expertise in emerging sectors, ensuring a skilled workforce capable of driving sustainable economic progress.

"This memorandum of understanding (MoU) underscores our commitment to providing tailored solutions, facilitating cross-border trade and investment, and expanding our expertise in key areas, including Islamic Finance, Green Finance, and Digital Transformation.

"By leveraging our deep market knowledge and MUFG’s global network, we are unlocking new opportunities for our customers and business partners, helping them scale in an increasingly interconnected global

economy," said Affin Bank president and group CEO Datuk Wan Razly Abdullah.

Meanwhile, MUFG CEO and country head of Malaysia Motohide Okuda said the MoU represents a major step in leveraging its global network and expertise to support the growth of key sectors in Malaysia, especially in the realms of green transformation and digitalisation, while creating new opportunities for sustainable business development.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Affin , MUFG , collaboration

Next In Business News

Lee Chong Wei among new shareholders of Magma Group
Ringgit rises against US dollar, other major currencies at close
Pantech cautiously optimistic, steady US orders boost prospects
ViTrox posts 40% profit jump in 1Q25
Reservoir Link secures work order award from PETRONAS Carigali
TNB doubles capex to RM42.9bil to back energy transition efforts
FBM KLCI rises for second straight day amid mixed regional performance
Singapore shares set for an eight-day rally; Asia FX muted
Norway wealth fund posts US$40bil first-quarter loss on tech weakness
IJM acquires 50% stake in JRL Group to boost UK presence

Others Also Read