Company Overview of Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation provides a range of wholesale and retail banking services in Japan and internationally. It operates through the Wholesale Banking, the Retail Banking, the International Banking, and the Treasury units. The company offers ordinary deposits, time deposits, and foreign currency deposits; loans, including syndicated loans, commitment lines, structured finance, nonrecourse loans, and housing loans; consumer loan products, such as unsecured card loan products to individual customers; and settlement, cash management, leasing, factoring, management information systems consulting, collection, and investment banking services. It also provides investment trust and in...
Founded in 1876
Key Executives for Sumitomo Mitsui Banking Corporation
Chief Executive Officer, President and Representative Director
Director and President of Sumitomo Mitsui Financial Group Inc
Senior Managing Director, Deputy Head of Wholesale Banking Unit, Deputy Head of Investment Banking Unit and Director
General Manager- Investment Banking
Compensation as of Fiscal Year 2015.
Sumitomo Mitsui Banking Corporation Key Developments
Next Decade LLC Engages Sumitomo Mitsui Banking Corporation as Financial Advisor and Mandated Lead Arranger for its Rio Grande Liquefied Natural Gas Export Project
Aug 4 15
Next Decade LLC has engaged Sumitomo Mitsui Banking Corporation (SMBC) as Financial Advisor and Mandated Lead Arranger for its Rio Grande Liquefied Natural Gas (LNG) export project. Under the agreement, SMBC will be responsible for securing debt financing for the Project. The role of financial advisor brings SMBC's expertise alongside NextDecade in structuring and optimizing its long-term agreements with global customers. SMBC will advise Rio Grande LNG, and ultimately lead the international banking syndicate, in securing long-term capital for the Project's construction.
Sumitomo Mitsui Banking Corporation Reports Non-Consolidated Earnings Results for the First Quarter Ended June 30, 2015
Jul 31 15
Sumitomo Mitsui Banking Corporation reported non-consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported ordinary profit of ¥262,291 million against ¥279,508 million a year ago. Income before income taxes was ¥265,159 million against ¥278,593 million a year ago. Net income was ¥184,976 million against ¥201,072 million a year ago.
Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation and SPARX Group Sign Agreement to Establish New Fund for Pioneering Technologies
Jul 22 15
Toyota Motor Corporation (TMC), Sumitomo Mitsui Banking Corporation (SMBC), and SPARX Group Co. Ltd. (SPARX Group) have signed a memorandum of understanding to consider the establishment of a new investment fund aiming to encourage innovation and support the spread of advanced technologies for future generations. The companies will work to outline specific details of the fund which, through flexible, well-timed investments, will focus on supporting pioneering projects. These projects will center upon the fields of intelligent technology, robotics, and hydrogen-related technologies. By establishing this fund, TMC hopes to gain broad and timely access to valuable information about future technologies and market trends, which can then be incorporated into its business strategy. In addition, TMC intends to use the fund to facilitate the spread of new values in the marketplace by supporting the establishment and the growth of enterprises that possess innovative technology. SMBC hopes to play a lead role in facilitating economic growth through the establishment of a socially meaningful fund for developing next-generation technologies. The fund should also help to boost its efforts to uncover and nurture promising future enterprises. SPARX Group wants to further emphasize a long-term approach to investment in future growth, and hopes to open up new fields as an investment company to help build the society of the future. All three companies will now consider the details of the fund, including the scale of capital investment, other potential investors, and investment targets. Their aim will be to formally establish the fund around the autumn of 2015.
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