Japan's Mitsubishi UFJ may bid for Indonesia's Panin Bank

Japan's Mitsubishi UFJ may bid for Indonesia's Panin Bank

FILE PHOTO - People walk past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo

Japan-based Mitsubishi UFJ Financial Group Inc (MUFG) is considering a bid for Bank Pan Indonesia Tbk PT (Panin Bank), Bloomberg News reported on Wednesday, citing people familiar with the matter.