Sumitomo Mitsui Banking Corporation
Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). SMBC is one of the largest Japanese banks by assets, with strong credit ratings across our global integrated network spanning over 41 countries and regions, 16 of which are here in Asia.
Japan’s SMFG completes transfer of securities business to UK subsidiary
SMBC Nikko Capital Markets will be closing down its Abu Dhabi branch.
Japan’s SMFG completes transfer of securities business to UK subsidiary
SMBC Nikko Capital Markets will be closing down its Abu Dhabi branch.
SMBC joins Project Agora to explore tokenized cross-border payments
Project Agora involves BIS and seven central banks globally.
SMBC names Atul Bhuchar as APAC head of transaction banking product
Bhuchar joins from Partior, a JV by Temasek, DBS, JP Morgan and StanChart.
Higher interest and fees lift Japan’s SMFG to record profit for Q1
Net interest income is expected to rise by a further JPY100b.
Japan’s SMBC sets up private credit fund in Europe
The fund will focus on loan investments to middle market businesses.
RCBC unable to sustain improved capital amidst bad loans: Moody’s
Its NPL ratio is “one of the weakest” amongst its domestic peers, Moody’s said.
Growing fees, higher rates lift Sumitomo Mitsui Trust Bank’s profits
SMTH’s low-risk asset portfolio meant that profitability is weak.
Japan’s SMFG issues new shares worth $23.89m
The move is part of its stock compensation plans.
Basel III to improve Japanese major financial groups’ profits
However, risk-weighted assets for the four FIs are expected to rise.
SMBC’s US digital lender Jenius Bank hits $1b in savings deposits
It will roll out a mobile app in the coming months.
APAC’s Top 20 banks' combined revenue up 4.3% in 2023
Japanese banks were the biggest winners whilst Chinese banks’ total revenue dipped.
Japan’s SMBC bookmarks $64m for social value activities
The group has also established an investment fund.
Japan’s Sumitomo Mitsui mulling stock split
It has not yet decided whether to push through or not, however.
Sumitomo Mitsui Card offers 1.98% merchant fees to SMEs
SMEs in Osaka will also be able to avail of an android terminal for free.
Japanese banks back fund to develop space industry
SMBC, MUFG, and Mizuho Bank are all named limited partners.
Japan’s SMBC joins JV to support drug discovery start-ups
The bank will own 33.2% of the JV company, which will be established mid-2024.
Japan’s SMBC opens a branch in India’s GIFT City
The branch is slated to open in the first half of 2024.
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