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 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.
1 day ago
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.
1 day ago
Japan’s SMBC opens a branch in India’s GIFT City
The branch is slated to open in the first half of 2024.
Japanese banks ‘less reluctant’ to finance hostile takeovers: report
Banks are seeing a rise of deals related to unsolicited bids for corporate takeovers.
SMBC reels new managing executive officer and co-head for Asia Pacific
Katsufumi Uchida succeeds Yuichi Nishimura in this role.
SMFG profits up 3.5% to $5.3b
An earnings per share of approximately $4 has been announced for the period.
SMBC appoints ex-Credit Suisse China CEO as new APAC managing director
Carsten Stoehr will join SMBC on 19 February after 25 years in Credit Suisse.
SMBC subsidiary establishes aircraft financing, leasing platform
The investment is targeted at US$1.5b for a three-year period.
SMBC’s Indonesian arm begins offering ESG deposit product
BTPN will earmark deposits made under this for financing in the ESG field.
SMBC, RCBC ink MOU to promote foreign direct investments to the Philippines
They do this alongside the Philippine Economic Zone Authority.
SMBC, Jefferies expand investment banking collaboration to EMEA
In 2023, SMBC had raised its ownership of Jefferies to 15%.
SMBC hires ex-Nomura banker as head of APAC private credit distribution
Yew Chuan Sim will lead the bank’s distribution efforts in APAC.
SMBC India names Sandeep Chopra as head of corporate coverage
Chopra reports to Rakesh Garg, chief business officer of SMBC India.
Japan’s SMFG names Toru Nakashima as CEO
Nakashima retired from SMBC in April 2022, but returned to the company in 2023.
SCB, SMBC act as lead arrangers, coordinators for €500m green loan
The Thai company plans to use proceeds for refinancing purposes.
Sumitomo Mitsui’s 2023 profit jumps more than three-fourths of the way
Net profit for 2023 was Y52.2t, versus the Y29.7t the previous year.
SMBC grants $50m green loan to Thailand's Indorama Ventures
Indorama Ventures will use it for their working capital and to achieve its sustainability targets.
Japan’s SMBC Group launches UK commercial banking subsidiary
It’s head office is located at 100 Liverpool Street, London.
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The bank has been a digital and transformation pioneer in the industry.
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1. DBS and OCBC expected to deliver steady Q1 net profits 2. Zed challenges banking norms with no interest, forward-looking credit card 3. HK-based fintech KPay expands operations to Singapore 4. Citi names Amit Dhawan as head of CCB Singapore 5. Hang Seng Bank warns against phishing emailAwards
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