MUFG Bank’s consolidated subsidiary Krungsri invested in SB Finance Company, a major commercial bank in the Republic of the Philippines. Krungsri will acquire 50% of the shares of SB Finance within this year, subject to the approval of the relevant regulatory authorities as well as other conditions. Financial terms were not disclosed. Krungsri is one of the largest players in consumer finance in Thailand, and seeks to combine its advanced and broad-based expertise in the field with Security Bank and SB Finance’s knowledge of the local Philippine market to offer services with even greater added value.