Japan’s MUFG picks up stake in Philippine consumer lender

FILE PHOTO - People walk past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo

Japan’s MUFG Bank is making further inroads into the Philippines with plans to pour roughly 5 billion yen ($47.2 million) into consumer finance company SB Finance.

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