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.
Which Asian banks made it to the world's top public companies?
Which Asian banks made it to the world's top public companies?
Three Chinese lenders made the Top 10 whilst Bank of America is the only 2003 top 10 survivor
1 day ago
Interest income and fees drive Japan bank profits up 32.7% to $37.25b
NPLs slightly increased although the NPL ratio dipped to 0.64%.
Japan's megabanks target live stablecoin transactions in FY2026
The three will establish a voluntary council for this goal.
SMFG targets $5b in sales and trading revenue: report
Arihiro Nagata conservatively estimates that it would take six years to do so.
Japan’s megabanks stockpile $5.48b in provisions despite record earnings
MUFG tripled its loan-loss provisions whilst Mizuho’s more than doubled.
SMBC and Toshiba build quantum-driven Japan and US equity indices
Stocks will be chosen and weighted using Toshiba’s quantum computer.
SMBC, Fujitsu and SoftBank build platform to slash $31b in health costs
They will create new businesses to streamline costs of prescriptions and treatments.
Japanese megabank deposits lag loans as funding gap threatens lending capacity
M&A involving Japanese companies rose 8.8% in 2025.
SMFG logs record profit of $10.02b in FY3/2026
The Japanese megabank aims for a $10.7b net profit for FY3/2027.
SMFG launches shareholder benefit program ahead of 2-for-1 stock split
They will be granted up to JPY30,000 worth of rewards points, amongst other perks.
Japan's megabanks eye record earnings as BOJ rate hikes boost margins
Their earnings may further rise over the next two years.
Chinese megabanks’ assets grow 16% as Japan and India stalls
Singaporean banks’ assets also logged double-digit growth in 2025.
SMBC names Elaine He as co-head of DCM in APAC ex. Japan
Elaine He joins from Morgan Stanley, where she was head of APAC debt syndicate.
SMBC launches transaction banking brand SMBC Connect
The Japanese megabank is revamping its TB and especially its cash management services.
How can foreign ownership shape India’s financial institutions?
Capital access may improve but credit impact depends on risk discipline and governance.
SMFG completes acquisition of US-based Air Lease Corporation
Sumitomo Corporation now holds 47.51% of voting rights.
SMFG targets 15% ROTE with new medium-term plan and vision
It named IT transformation a major management priority.
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