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.
SMFG’s CET1 ratio climb to 12.75% on higher capital
SMFG’s CET1 ratio climb to 12.75% on higher capital
The Japanese megabank earlier reported a profit of $8.99b for the 9M period.
1 day ago
SMBC appoints Salim Zaman as global head of FX
Zaman will continue to serve as co-head of global markets and treasury in APAC.
SMBC to launch new startup video pitch platform as deal flow source
GoAhead invests in seed and early stage startups.
Norinchukin fortifies JA Mitsui Leasing after $968m fraud allowance
Norinchukin is in talks with SMBC and other major banks to provide loans to JAML.
SMBC signs SBI pact to back India sunrise sector project finance
They aim to grow India’s “sunrise sectors”.
SMFG profit up 22.8% to $8.99b in 9M on higher income
It forecasts an annual cash dividend of JPY157 for the fiscal year.
RCBC names AREIT CEO as independent director
Independent director Erika Fille Legara has been named to the advisory board.
Indian banking returns hit decade-high as global margins shrink
CareEdge report confirms banking metrics are the strongest in years with multi-year low debt ratios.
SMBC to transform India branches into subsidiary after conditional RBI nod
The Japanese megabank will transform its local presence into a centralised corporate structure.
SMBC invests in Rakuten Medical cancer therapy venture
The investment was part of the bank’s social value creation investment fund.
SMBC APAC completes first SRT transaction
Its sponsor partners are Blackstone, Stonepeak, and Clifford Capital.
Here are five ways banks can use agentic AI
Agentic AI helped free up 10% more time for client interactions, McKinsey reported.
Japanese megabanks see profit rise, but capital remains a weakness
Overseas expansion is another risk, as it could raise credit costs, warned Fitch.
Why SMBC launched an agentic AI startup in Singapore
Account opening may drop to two days and loan processing to five.
SMFG’s profit rose 28.72% to $6.04b in H1 FY2025
Its comprehensive income more than doubled during the period.
Why banks leverage AI to bridge legacy systems with modern payment rails
These can unlock legacy data and facilitate real-time payments.
Five takeaways from day 1 of the Singapore Fintech Festival
Tokenisation emerges as a key driver of future digital money systems.
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