Sumitomo Mitsui Banking Corporation
Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). SMBC is one of the largest Japanese banks by assets, with strong credit ratings across our global integrated network spanning over 41 countries and regions, 16 of which are here in Asia.
SMBC and Toshiba build quantum-driven Japan and US equity indices
SMBC and Toshiba build quantum-driven Japan and US equity indices
Stocks will be chosen and weighted using Toshiba’s quantum computer.
SMBC, Fujitsu and SoftBank build platform to slash $31b in health costs
They will create new businesses to streamline costs of prescriptions and treatments.
Japanese megabank deposits lag loans as funding gap threatens lending capacity
M&A involving Japanese companies rose 8.8% in 2025.
SMFG logs record profit of $10.02b in FY3/2026
The Japanese megabank aims for a $10.7b net profit for FY3/2027.
SMFG launches shareholder benefit program ahead of 2-for-1 stock split
They will be granted up to JPY30,000 worth of rewards points, amongst other perks.
Japan's megabanks eye record earnings as BOJ rate hikes boost margins
Their earnings may further rise over the next two years.
Chinese megabanks’ assets grow 16% as Japan and India stalls
Singaporean banks’ assets also logged double-digit growth in 2025.
SMBC names Elaine He as co-head of DCM in APAC ex. Japan
Elaine He joins from Morgan Stanley, where she was head of APAC debt syndicate.
SMBC launches transaction banking brand SMBC Connect
The Japanese megabank is revamping its TB and especially its cash management services.
How can foreign ownership shape India’s financial institutions?
Capital access may improve but credit impact depends on risk discipline and governance.
SMFG completes acquisition of US-based Air Lease Corporation
Sumitomo Corporation now holds 47.51% of voting rights.
SMFG targets 15% ROTE with new medium-term plan and vision
It named IT transformation a major management priority.
Japanese banks bet billions on Indian finance, tech growth
GFTN is working with both sides on talent, technology, and market access.
Japanese banks avoid $550b US investment hook for now
The JBIC would likely do the initial heavy lifting.
SMBC poaches BDO veteran to lead Philippine Corporate Banking
Maria Angelica Balangue brings 20 years of capital markets experience as she leads SMBC Manila.
SMFG names Takeshi Mikami as representative executive officer
The appointment is effective April 2026.
SMFG’s CET1 ratio climb to 12.75% on higher capital
The Japanese megabank earlier reported a profit of $8.99b for the 9M period.
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