Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation (株式会社三井住友銀行, Kabushiki-gaisha Mitsui Sumitomo Ginkō, SMBC) is a Japanese multinational banking financial services institution owned by Sumitomo Mitsui Financial Group, Inc (株式会社三井住友フィナンシャルグループ, SMFG). It is headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The group operates in retail, corporate, and investment banking segment worldwide. It provides financial products and services to a wide range of clients, including individuals, small and medium-sized enterprises, large corporations, financial institutions and public sector entities. Since 2011, it has been included into the Financial Stability Board's list of global systemically important banks.
Logo since 2018 | |
Headquarters in Chiyoda-ku, Tokyo | |
Native name | 株式会社三井住友銀行 |
|---|---|
Romanized name | Kabushiki gaisha Mitsui Sumitomo Ginkō |
| Company type | Public (Kabushiki gaisha) |
| ISIN | JP3890350006 |
| Industry | Financial services |
| Predecessor | |
| Founded | April 1, 2001 |
| Headquarters | , |
Number of locations | 463 branches (as of 30 September 2019) |
Area served | Worldwide |
Key people | Takeshi Kunibe (Chairman) Akihiro Fukutome (President) |
| Services | Personal banking Corporate banking Investment banking |
| Revenue | US$47.98 billion (2019) |
| US$8.97 billion (2019) | |
| US$6.47 billion (2019) | |
| Total assets | US$2.036 trillion (2019) |
| Total equity | US$99.32 billion (2019) |
Number of employees | 103,000 (as of March 30, 2020) |
| Parent | Sumitomo Mitsui Financial Group |
| Website | www |
SMBC was established in 2001 through the merger of The Sakura Bank, which originated from the Mitsui zaibatsu and was founded as Mitsui Bank in 1876, and The Sumitomo Bank, which originated from the Sumitomo zaibatsu and was founded in 1895. It is the second-largest bank in Japan in terms of total assets and market capitalization. Along with Mitsubishi UFJ Financial Group and Mizuho Financial Group, SMFG is referred to as one of Japan's three major megabanks.
SMBC group operates in over 40 countries and maintains a presence in all International Financial Centres as the 12th biggest bank in the world by total assets. It is one of the largest global financial institutions in project finance space by total loan value. As of May 2020, SMBC group is listed as 80th largest public company in the world according to Forbes ranking.