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SUMITOMO MITSUI BANKING CORPORATION

Jan 19, 2020 351

HISTORY:

Sumitomo Mitsui Banking Corporation (SMBC) was founded in April 2001 through the merger of two leading banks: The Sakura Bank, Limited and The Sumitomo Bank, Limited. Sumitomo Mitsui Financial Group, Inc., was established in December 2002 through a transfer of shares as a holding company, and SMBC became a wholly owned subsidiary of SMFG.

SMBC's competitive advantages include a strong customer base, rapid implementation of strategies and a wide range of financial products and services that leverage the expertise of the Group's strategic companies in specialized areas. SMBC, as a leading member of SMFG, works together with other members of the Group to provide customers with highly sophisticated and comprehensive financial services.

 

Chairman: Teisuke Kitayama