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July 31, 2015 5:38 AM ET

Banks

Company Overview of Sumitomo Mitsui Banking Corporation

Company Overview

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...

1-2, Marunouchi

1-chome

Chiyoda-ku

Tokyo,  100-0005

Japan

Founded in 1876

50,249 Employees

Phone:

81 3 3282 8111

Key Executives for Sumitomo Mitsui Banking Corporation

Chief Executive Officer, President and Representative Director
Age: 61
President of JRI
Director and President of Sumitomo Mitsui Financial Group Inc
Age: 62
Senior Managing Director, Deputy Head of Wholesale Banking Unit, Deputy Head of Investment Banking Unit and Director
Age: 57
General Manager- Investment Banking
Compensation as of Fiscal Year 2015.

Sumitomo Mitsui Banking Corporation Key Developments

Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation and SPARX Group Sign Agreement to Establish New Fund for Pioneering Technologies

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.

Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Finance and Leasing Company and the Japan Research Institute, Limited Announce a Memorandum of Understanding with China National Pharmaceutical Group Corporation

Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Finance and Leasing Company, Limited, and The Japan Research Institute, Limited announced an agreement to conclude a Memorandum of Understanding with China National Pharmaceutical Group Corporation for the purpose of enhancing mutual cooperation in the medical and healthcare field.

SMBC Group Presents at European Corporate M&A Forum 2015, Jun-17-2015 01:30 PM

SMBC Group Presents at European Corporate M&A Forum 2015, Jun-17-2015 01:30 PM. Venue: Jumeirah Carlton Tower, London, United Kingdom. Speakers: Michael Potter, Assistant General Manager.

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