KDDI + Bank of Tokyo-Mitsubishi UFJ Partnership for Online Bank

KDDI + Bank of Tokyo-Mitsubishi UFJ Partnership for Online Bank. According to Reuters, KDDI and The Bank of Tokyo-Mitsubishi UFJ have been in partnership to set up an online bank. KDDI and Bank of Tokyo expect to have 2.4 million accounts and deposits representing a total of 1 trillion yen ($9.27 billion) in the fiscal year starting April 2010.

Then, in the following two years, the bank plans to have a total of 3.4 million accounts and 1.5 trillion yen in deposits. The 50-50 joint venture will be called Jibun Bank or "me bank," and will reportedly debut in mid-July.

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