March 03, 2015 2:27 PM 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

Sumitomo Mitsui Banking to Open Branch in Manila

Sumitomo Mitsui Banking Corp. said it will open a branch in Manila as early as summer to expand operations in Southeast Asia. The core subsidiary of Sumitomo Mitsui Financial Group Inc. has won local regulatory approval to open the branch. Sumitomo Mitsui Banking will upgrade its Manila representative office to create the new branch. The branch will provide local currency-based loan and financial settlement services. The bank will also use the base to conclude syndicated loan deals with multinational firms and extend loans for natural resources and infrastructure development projects.

Sumitomo Mitsui Banking Corporation Provides Dividend Guidance for the Fourth Quarter and Full Year Ending March 31, 2015; Announces Non-Consolidated and Consolidated Earnings Results for the Nine Months Ended December 31, 2014; provides earnings guidance for the fiscal year ending March 31, 2015

Sumitomo Mitsui Banking Corporation provided dividend guidance for the fourth quarter and full year ending March 31, 2015. For the quarter, the company expects to pay dividend of ¥70 per share and for the full year of ¥130 per share. The company announced non-consolidated and consolidated earnings results for the nine months ended December 31, 2014. For the period, on consolidated basis, the company reported interest income of ¥1,426,404 million compared to ¥1,364,485 million for the same period a year ago. Ordinary profit was ¥1,106,825 million compared to ¥1,167,084 million for the same period a year ago. Income before income taxes and minority interest was ¥1,102,834 million compared to ¥1,164,775 million for the same period a year ago. Net income was ¥682,220 million compared to ¥704,705 million for the same period a year ago. Ordinary profit was ¥1,106,825 million compared to ¥1,167,084 million for the same period a year ago. Net income per diluted share was ¥498.68 compared to ¥515.70 a year ago. For the period, on non-consolidated basis, the company reported net interest income of ¥850,682 million compared to ¥805,924 million for the same period a year ago. Ordinary profit was ¥767,616 million compared to ¥736,069 million for the same period a year ago. Income before income taxes and minority interest was ¥764,699 million compared to ¥734,877 million for the same period a year ago. Net income was ¥530,409 million compared to ¥480,024 million for the same period a year ago. The company provided earnings guidance for the fiscal year ending March 31, 2015. For the period, the company expects net income of ¥700,000 million or ¥511.98 and ordinary profit of ¥1,200,000 million.

Sumitomo Mitsui Banking Corporation Announces Executive Changes

Sumitomo Mitsui Banking Corporation (SMBC) has announced that it has appointed Brent Griffiths to head its corporate banking business in Australia. He is to take the place of John Ferreira who was relocated to Singapore to take up the position as deputy head of Asia Pacific.

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