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.
Sumitomo Mitsui’s 2023 profit jumps more than three-fourths of the way
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.
Clifford Capital Holdings names J.P. Morgan banker as new CEO
P. Murlidhar Maiya was CEO of the bank’s South and Southeast Asia businesses.
SMBC terminates capital alliance with Vietnam Eximbank
It will liquidate its entire equity ownership in the bank.
Sumitomo Mitsui securities unit suspended from block trading for 3 months
SMBC Nikko employees were suspected of conducting illegal stabilization transactions.
Sumitomo Mitsui Financial Group posts strong Q1 profits
Profit growth was thanks to loan growth and fee income growth.
SMBC concludes MOU with the Eastern Economic Corridor Office of Thailand
SMBC will introduce clients entering or expanding in Thailand to the EECO.
SMBC names Priya Bellino as Head of ESG Solutions in APAC
Bellino’s prior career spans two decades with EY and Goldman Sachs.
Japan megabanks’ bad loans edge up to highest in six years
Billion-dollar exposures to Russia contributed to the negative outlook.
Sumitomo Mitsui appoints former J.P Morgan banker as head of M&A advisory of SFDA
The newly created role sees Chirolli leading SMBC’s M&A advisory efforts in Asia.
Sumitomo Mitsui appoints Tomofumi Watanabe as new co-head of APAC structured finance
He was previously general manager of the Global Structured Finance Department Tokyo.
Profits of Japan's megabanks to rise in next 12-18 months
All three banks’ profits jumped over 60% for the first six months of the current fiscal year.
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