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 to establish agentic AI firm in Singapore
SMFG to establish agentic AI firm in Singapore
Ahmed Jamil Mazhari has been named CEO and SMFG’s AI transformation advisor.
2 days ago
Banks in China, Australia see market caps rise in Q2 on falling interest rates
In contrast, Japanese megabanks and DBS saw their market caps fall.
3 days ago
SMBC commences simplified foreign currency remittances in China
It is currently available in five of its branches in China.
3 days ago
Chinese megabanks cement nation’s economic prowess
Banks in China dominated S&P Global Market Intelligence’s top 50 lenders in the region.
SMBC becomes strategic partner of TOMODACHI Initiative leadership program
The next program will involve 20 university undergraduate students in Japan.
Japan’s SMBC invests in biotechnology fund
ANV aims to create global biotech companies of Japanese origin.
SMBC Malaysia nabs StanChart banker as head of corporate banking
Wendy Ooi will lead SMBC Malaysia’s non-Japanese corporate banking strategy.
SMBC clinches approval to open branch in Bengaluru, India
This is the Japanese megabank’s fifth branch in the country.
SMBC names DBS MD as head of corporate banking for APAC
Joyce Tee brings three decades of experience working in the banking industry.
Sumitomo Mitsui FG’s profit up 22.3% to $8.12b in FY2025
Its return on equity is expected to rise to 9% to 10% in the next five years.
SMBC board opposes proposals to amend articles on financial and climate risk
The board said that the proposals are inappropriate.
SMBC names Luis Pereira as co-regional CIO for APAC
He will partner with Fumitaka Kato, co-regional CIO for APAC.
Japan’s SMBC is buying a 20% stake in India’s Yes Bank
Yes Bank is India’s sixth-largest private sector commercial bank in India.
SMBC, Fujitsu Limited to create data analytics business
Japanese companies reportedly want data-driven operations to improve efficiency.
SMBC inks MOU to explore commercialization of stablecoins
They will explore technical, regulatory, and market infrastructure requirements for it.
Japan’s SMBC enters partnership agreement with Avispa Fukuoka
It will introduce a scholarship program and promote use of sports data utilization.
SMBC Aviation Capital receives $445m settlement for terminated Russian contracts
SMBC expects to record equity gains of affiliated companies amounting to $250m.
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The financial institution bagged the ASEAN SME Bank of the Year, SME Bank of the Year - Hong Kong, and SME Bank of the Year - Indonesia.
Commentary
Beyond the code: How mobile banking is weaving a new financial narrative in Asia