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
General Manager- Investment Banking
Deputy President, Executive Officer and Representative Director
Compensation as of Fiscal Year 2016.
Sumitomo Mitsui Banking Corporation Key Developments
Sumitomo Mitsui Banking Corporation provides second quarter and fourth quarter dividend guidance for the year ending March 31, 2017
Jul 27 16
Sumitomo Mitsui Banking Corporation provided second quarter and fourth quarter dividend guidance for the year ending March 31, 2017. The company expects to pay second quarter and fourth quarter dividend of ¥75 per share.
Sumitomo Mitsui Banking Corporation Announces Non-Consolidated Earnings Results for the First Quarter Ended June 30, 2016
Jul 27 16
Sumitomo Mitsui Banking Corporation announced non-consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company announced net interest income of JPY 216,988 million compared to JPY 324,237 million a year ago. Banking profit was JPY 164,833 million compared to JPY 239,440 million a year ago. Ordinary profit was JPY 148,605 million compared to JPY 262,291 million a year ago. Income before income taxes was JPY 148,058 million compared to JPY 265,159 million a year ago. Net income was JPY 106,979 million compared to JPY 184,976 million a year ago.
Asian Development Bank and Sumitomo Mitsui Banking Sign Co-Advisory Services Agreement
Jun 29 16
The Asian Development Bank, or ADB, and Sumitomo Mitsui Banking Corporation, or SMBC, has signed a co-advisory services agreement to provide the co-advisory services to the East Container Terminal, or ECT of Colombo port, Sri Lanka. SMBC will join ADB's ongoing advisory services for ECT as co-advisor in relation to preparing, structuring, and procuring the $500 million project, which includes operationalization of the existing 440 meters of deep water berth and the full design, build, finance, operation, and maintenance of the entire 1,200 meters of berth. The concession for the ECT is likely to be for 35 years. ADB selected SMBC to act as its co-advisor.
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