TOKYO, Sept 13 - A U.S. factory construction boom driven by tax credits in the Inflation Reduction Act is helping Mitsubishi UFJ Financial Group to shore up its dominance in project finance, a senior executive at the top Japanese lender said.
The bank's experience through tough times and retained capabilities have put it in a strong position to benefit from a recent surge in project finance deals, Fumitaka Nakahama, the chief of MUFG's global corporate and investment banking, told Reuters. Project finance is a long-term financing of large infrastructure and industrial projects where repayment is mainly based on cash flows generated from the project. The total value of project finance loan deals in North America jumped more than 70% last year, according to LSEG.
Japan's financial regulator has also taken notice of $120 billion project finance loans outstanding overseas at big banks."Long-term exposure means risks need to be managed properly," the Financial Services Agency said in this year's policy outlook.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
US factory booms strengthen MUFG's dominance in project financeA U.S. factory construction boom driven by tax credits in the Inflation Reduction Act (IRA) is helping Mitsubishi UFJ Financial Group (MUFG) to shore up its dominance in project finance, a senior executive at the top Japanese lender said. MUFG ranked No. 1 in U.S. project finance loans for 13 straight years, as it took advantage to bridge the gap created by the 2008 global financial crisis that forced U.S. and European rivals to cut risk-weighted assets on their balance sheets. The bank's experience through tough times and retained capabilities have put it in a strong position to benefit from a recent surge in project finance deals, Fumitaka Nakahama, the chief of MUFG's global corporate and investment banking, told Reuters.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »
US factory booms strengthen MUFG's dominance in project financeBy Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) - A U.S. factory construction boom driven by tax credits in the Inflation Reduction Act (IRA) is ...
Источник: SaltWire Network - 🏆 45. / 63 Прочитайте больше »
Stocks gain amid hopes for soft landing: Stock market news todayUS futures moved higher on Monday as investors weighed Janet Yellen's upbeat remarks on the US economy and as Tesla surged.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »
Stocks jump amid hopes for soft landing, Tesla surges: Stock market news todayWall Street stocks jumped early Monday, as upbeat Chinese data and comments from Janet Yellen fueled hopes for the world's two biggest economies.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »
Non-alcoholic drink market on the rise in Canada | Watch News Videos OnlineWatch Non-alcoholic drink market on the rise in Canada Video Online, on GlobalNews.ca
Источник: GlobalCalgary - 🏆 50. / 61 Прочитайте больше »