Postponement of business resumption of Mitsubishi UFJ and Mizuho Wuhan branch affected by new virus

Postponement of reopening of Mitsubishi UFJ and Mizuho Wuhan branch new virus effects February 13 at 19:55

Mitsubishi UFJ Bank and Mizuho Bank have postponed the scheduled reopening of their branch in Wuhan, Hubei Province, China, scheduled for March 14.

Among them, Mitsubishi UFJ Bank has stated that it is difficult for employees to commute safely in Wuhan due to the lack of public transport in Wuhan, where the spread of the new coronavirus is the most serious. I decided to postpone the resumption.

The timing of resumption will be decided in consultation with local authorities.

In addition, Mizuho Bank decided that it would be difficult to move employees and postponed the reopening of the branch by one week, starting from 21st of this month.

Both banks have resumed operations at other branches in China.

Meanwhile, SMBC, which has no branch in Wuhan, has already reopened all branches in China.

President of the JBA, "I am worried about the economic impact"

At a press conference yesterday, Makoto Takashima, chairman of the Japan Bankers Association, commented on the impact of the spread of the new coronavirus on economic activity of Japanese companies. It is also estimated that if the number of tourists from China halved in Japan, the consumption of all foreign tourists would decrease by 20%. The pressure is likely to increase further. "

In addition, the Association explained that the association is informing member banks that thorough measures against infectious diseases for employees and appropriate responses to loans to affected companies will be made. did.