Japan's Sumitomo Mistsui Banking Corp

Overview

Sumitomo Mitsui Banking Corporation (SMBC), formed 2001 from the merger of Sumitomo Bank (founded 1895) and Sakura Bank (a descendant of Mitsui Bank, founded 1876), is Japan's second-largest bank by branch network (564 domestic, 20+ international branches), with assets exceeding $1.73 trillion. Offers leasing, securities, credit cards, investment banking, mortgage securitization, and venture capital services.

Key Facts

Type

Bank