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March 27, 2015 10:09 AM ET

Banks

Company Overview of Sumitomo Mitsui Banking Corporation

Company Overview

Sumitomo Mitsui Banking Corporation, together with its subsidiaries, provides a range of wholesale and retail banking services in Japan and internationally. It operates through the Consumer Banking, the Middle Market Banking, the Corporate Banking, the International Banking, and the Treasury Banking Units. The company offers time deposits; housing loans; unsecured card loans; consumer loans; investment trust products; pension-type, medical, juvenile, home fire, and life insurance services; and foreign currency, subordinated, structured, and corporate mortgage bonds; unsecured card loans; and wealth management services. It also provides lending, loan syndication, structured finance, commitmen...

1-1-2, Marunouchi

Chiyoda-ku

Tokyo,  100-0005

Japan

Founded in 1876

48,824 Employees

Phone:

81 3 3282 8111

Key Executives for Sumitomo Mitsui Banking Corporation

President, Executive Officer and Representative Director
Age: 60
President of JRI
Director and President of Sumitomo Mitsui Financial Group, Inc
Age: 61
Vice Chairman, Head of Middle Market Banking Unit and Executive Officer
Age: 59
Vice Chairman, Head of International Banking Unit and Executive Officer
Age: 59
Compensation as of Fiscal Year 2014.

Sumitomo Mitsui Banking Corporation Key Developments

Mizuho Financial Group Inc. and Sumitomo Mitsui Banking Corp. Conclude their Annual Shunto Negotiations with the Labor

Mizuho Financial Group Inc. and Sumitomo Mitsui Banking Corp. effectively concluded their annual shunto negotiations with the labor side by agreeing to implement a 1.5% pay scale hike. The two will carry out a salary scale increase for the second consecutive year. The margin will be bigger than the previous year's 0.5%. A pay scale rise of 1.5% roughly translates into an increase of JPY 7,000 in the monthly salaries at Japanese megabanks, including Mizuho and Sumitomo Mitsui. Mizuho and Sumitomo Mitsui also agreed to raise bonuses by 3% from the previous year as demanded by their labor unions. At both banks, bonuses will increase for the third consecutive year.

Sumitomo Mitsui Banking Corporation Announces Resignation of Hiroshi Minoura as Vice Chairman of Board

Sumitomo Mitsui Banking Corporation announced the resignation of Hiroshi Minoura as Vice Chairman of the Board of the company.

Sumitomo Mitsui Banking Corporation Announces Appointment of Ken Kubo as Director, Effective April 1, 2015

Sumitomo Mitsui Banking Corporation announced appointment of Ken Kubo as director, effective April 1, 2015. Ken Kubo is currently working as Director (Representative Director) of Sumitomo Mitsui Financial Group Inc. and Deputy President (Representative Director) of Sumitomo Mitsui Banking Corporation.

Recent Private Companies Transactions

Type
Date
Target
Fund Raising
January 5, 2015
Incubate Fund III
Private Placement
September 5, 2014
The Bank of East Asia, Limited
Merger/Acquisition
August 18, 2014
ACLEDA Bank Plc.
 

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