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MUFG Bank To Open First New Branch In 20 Years

TOKYO - MUFG Bank will open its first new branch in roughly two decades, positioning the outlet for individual customers and emphasizing easy access to asset-management consultations.

The new branch, located inside a shopping complex, is scheduled to open on September 12th. Unlike conventional branches, it will be available on weekday evenings as well as on weekends. An open, doorless lobby leads to consultation booths for asset management and related services, creating a space suited to face-to-face advice for retail clients.

The move reflects the return to a world with positive interest rates. As rates rise, household demand and interest in asset management are increasing, and the bank aims to expand in-person touchpoints with individuals through physical outlets.

Rivals are moving in the same direction. Sumitomo Mitsui Banking Corporation is rolling out branches with attached cafés, while Mizuho Bank is also strengthening its locations for retail customers. Across the sector, banks are increasing face-to-face contact with individual clients.

Source: TBS

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