Japan’s SMBC Group launches UK commercial banking subsidiary

It’s head office is located at 100 Liverpool Street, London.

Sumitomo Mitsui Banking Corporation (SMBC) has launched SMBC Bank International, its new fully-owned commercial banking subsidiary in the United Kingdom.

In a statement, SMBC, the Sumitomo Mitsui Financial Group, and SMBC Nikko Securities stated their intention to start operations of its new subsidiary as a universal bank.

Hideo Kawafune has been named the subsidiary’s CEO. Its head office is located at 100 Liverpool Street, London, EC2M 2AT, United Kingdom.

ALSO READS: SMBC terminates capital alliance with Vietnam Eximbank

SMBC Nikko Capital Markets Limited will transfer its securities business to SMBC Bank International, with the transfer targeted for Q2 2024, subjected to legal and regulatory processes.

The transfer will reportedly enable SMBC Group “to better serve customers by offering banking and securities products through a single entity providing a full range of financial services,” according to a press release.

“By expanding the range of its financial services to meet a variety of customer needs, SMBC Group aims to provide higher value-added solutions with customers in EMEA,” the statement read.

Follow the link for more news on

Sumitomo Mitsui Banking Corporation

Also Read

Sumitomo Mitsui unveil Grantee Introduction Services

HSBC sells Bahrain retail banking business

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit