Mitsubishi UFJ Financial Group (BUE:MTU) Credit Losses Provision : ARS1,925,197 Mil (As of Mar. 2024)

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What is Mitsubishi UFJ Financial Group Credit Losses Provision?

Mitsubishi UFJ Financial Group's credit losses provision for the three months ended in Mar. 2024 was ARS1,317,528 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was ARS1,925,197 Mil.

Mitsubishi UFJ Financial Group's quarterly credit losses provision declined from Sep. 2023 (ARS330,396 Mil) to Dec. 2023 (ARS206,571 Mil) but then increased from Dec. 2023 (ARS206,571 Mil) to Mar. 2024 (ARS1,317,528 Mil).

Mitsubishi UFJ Financial Group's annual credit losses provision increased from Mar. 2022 (ARS300,115 Mil) to Mar. 2023 (ARS997,387 Mil) and increased from Mar. 2023 (ARS997,387 Mil) to Mar. 2024 (ARS2,799,964 Mil).

Mitsubishi UFJ Financial Group Credit Losses Provision Historical Data

The historical data trend for Mitsubishi UFJ Financial Group's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mitsubishi UFJ Financial Group Credit Losses Provision Chart

Mitsubishi UFJ Financial Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Credit Losses Provision

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128,528.82

427,224.73

300,115.01

997,387.03

2,799,963.74

Mitsubishi UFJ Financial Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															281,295.00	70,702.14	330,396.18	206,571.18	1,317,527.78

Mitsubishi UFJ Financial Group Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ARS1,925,197 Mil.

Mitsubishi UFJ Financial Group (BUE:MTU) Business Description

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Comparable Companies

Traded in Other Exchanges

MBFJF:USA MUFG:USA 8306:Japan 8306:Japan MFZA:Germany MFZ:Germany MFZ:Germany MFZ:Germany M1UF34:Brazil

Address

7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, JPN, 100-8330

Website

https://www.mufg.jp

Mitsubishi UFJ Financial Group is the largest bank in Japan in terms of market capitalization and assets, with an 8.1% share of all domestic loans as of March 2023. It is the largest non-Chinese bank group globally and has a balance sheet slightly larger than those of JPMorgan Chase and HSBC Holdings. MUFG's operations in Japan account for around half of profit, banking in Thailand and Indonesia for around 15%, and equity-method earnings from Morgan Stanley most of the rest.

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