January 09, 2014

Bank of Tokyo Mitsubishi enters Australian home loan market

Picture: Traditional house in Kyoto, Japan




"The motive for Bank of Tokyo Mitsubishi dipping its toe into the local (Australian ) home loan market isn't a sign of ambitions to take on the big four banks in their own backyard. It is a means to get exposure to assets that offer a competitive return of equity"


Source: Foreign banks are in lust with Australian mortgages
By Jonathon Shapiro
Australian Financial Review
Monday 2nd December 2013, page 28