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The Bank of Tokyo- Mitsubishi UFJ Ltd Commences operations from Bahrain Financial Harbour
Manama, Bahrain, 08 September, 2009: Bank of Tokyo-Mitsubishi UFJ Ltd (BTMU), the premier commercial banking division of Mitsubishi UFJ Financial Group (MUFG), has commenced operations at Bahrain Financial Harbour (BFH), the Kingdom's prestigious US$3 billion integrated ‘financial city'. Approximately 10 months ago BTMU signed a lease agreement with Bahrain Financial Harbour Holding Company (BFHHC) to occupy the entire 26th floor of the West Tower of BFH's Financial Centre, covering an area of over 1000sq m.Mr. Eric Fotiadis, Chief Development & Coordination Officer, BFHHC, said, "BTMU has an extensive global network with strong economic connections to the Middle East. Their decision to relocate to BFH not only enriches the financial environment at BFH but it simultaneously emphasizes the high esteem to which the Financial Centre is held internationally, as a world class environment for international finance. We are confident that BTMU will find our advanced establishment and modern systems to be the ideal launch pad for its operations in Bahrain and the wider Middle East."
Commenting on the launch of BMU's operations from BFH, Mr. Sakata, Regional Head for the Middle East, BTMU, said, "Our decision to position ourselves at this prestigious location confirms our ambitions to ensure our extensive selection of financial products and services are readily available to businesses, governments across the region. We are certainly looking forward to a long and productive relationship with BFH."
MUFG is Japan's largest financial services company measured by assets. Headquartered in Tokyo, BTMU has over 790 branches across Japan alone and also has offices in more than 40 countries worldwide spanning Asia, America, Europe, Middle East and Africa.
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About BFH
A fully integrated, master-planned development, the US$ 3 billion Bahrain Financial Harbour (BFH), is creating a complete financial city, a self contained community and reinforcing Bahrain's unique position as the financial capital of the Middle East. A first of its kind development in the region, BFH is a highly focused, committed and advanced financial environment spread over 380,000 square metres of prime seafront property in the centre of Manama, Kingdom of Bahrain. Furthermore, it comprises 10 projects that distinctively combine business, leisure and residential components under one canopy. Phase I of the project ‘The Financial Centre' which includes the Harbour Towers - Bahrain's tallest towers and the Harbour Mall. The Financial Centre is operational and open for business.
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