OREANDA-NEWS. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) (President: Nobuyuki Hirano) is pleased to announce that Banco de Tokyo-Mitsubishi UFJ Brasil S/A (BTMUB), BTMU's wholly owned subsidiary in the Federative Republic of Brazil (Brazil), has signed a Memorandum of Understanding (MOU) with Secretaria de Desenvolvimento Economico, Ciencia e Tecnologia do Rio Grande do Sul (SDECT).

SDECT was established in January 2015, within the government of the State of Rio Grande do Sul with the objective of attracting investments to the State and driving the competitiveness of the state's economy.

The Secretary of Agriculture, Industry, and Commerce of the State of Rio Grande do Sul that was established in 1935 was its origin and SDECT plays the principal role of development and attractions of the investment to the State. The State of Rio Grande do Sul is located in the south region of the country. The State is well known by the population with higher education and qualified labor force and is one of well-developed states in Brazil. It is the 4th largest state in terms of GDP, and 4th largest in population. The State is hosted high valued added enterprises, such as auto parts manufacturing companies.

Also, the State has an important role in the trade between Argentina and Uruguay as the State has the borders with the two countries. In order to enhance its business in Brazil, BTMU has been establishing partnerships with Banco Nacional do Desenvolvimento Econonico e Social (BNDES), the Investment Agency of Sao Paulo State (Investe Sao Paulo) as well as the state of Minas Gerais (INDI) and the state of Pernambuco (AD Diper) through signing MOUs. BTMU's partnership with SDECT will provide for an enhanced range of financial services to meet the diverse needs of BTMUB's valued customers in Brazil.