November, 7, 2019
MUFG Bank, the commercial banking entity of Mitsubishi UFJ Financial Group, has awarded scholarships to 17 undergraduates from the University of Colombo.
The scholarships, worth US$5,100 each, were awarded to students by Masaru Enomoto, Resident Representative of MUFG’s Colombo Representative Office on behalf of the Mitsubishi UFJ Foundation. These scholarships will cover their school fees for one academic year.
The MUFG award recipients, who are in their second, third or fourth year of their full-time undergraduate programmes, were selected by the university based on their strong academic track records. They come from a variety of educational streams such as management and finance, medicine, science, law and the arts.
The Mitsubishi UFJ Foundation was established to promote and support talent development and international cross-cultural relations. This is the third year that the foundation has been implementing this scholarship programme in conjunction with the university.
Enomoto said: “MUFG has a longstanding history of serving the communities it operates in. It is our privilege to support the University of Colombo for three consecutive years, and enable deserving recipients to continue to excel in their studies. Through this scholarship, we believe that these promising students can realise their potential and pursue their dreams, contribute to Sri Lanka’s long-term development, and serve as role models for other young talent in the country.”
The scholarship award ceremony was hosted at College house of the University of Colombo. In attendance was Vice Chancellor Professor Chandrika N. Wijeyaratne.
MUFG bank is the largest bank in Japan, and was the first Japanese bank to open a representative office in January 2016.
MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning more than 50 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.
MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 locations in more than 50 markets. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares are traded on the Tokyo, Nagoya, and New York stock exchanges.
The Mitsubishi UFJ Foundation has been distributing scholarships and other contributions for talent development since 1984. Sri Lanka is the 13th country and UOC became 32nd university of their scholarship distribution.