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 completes sale of MANUBANK commercial unit to Bank of Hope
SMBC completes sale of MANUBANK commercial unit to Bank of Hope
Bank of Hope has acquired all principal assets and assumed the liabilities of the unit.
SMBC targets green debt expansion via Climate Bonds Initiative deal
It also said that certain categories in its finance framework are aligned with the Climate Bonds’ criteria.
Can Asia’s banks make stablecoins work across borders?
Asia’s big but fragmented banking markets pose a key challenge.
Japan megabanks post strong Q1 as MUFG capital buffer thins
MUFG's Shriram Finance deal likely weighed on capital.
Japan banks turn to stablecoins to retain deposits
Megabanks plan joint digital-currency transactions by March 2027.
Japan's record bank profits mask a rise in bad loans and capital pressure
The megabanks have raised their provisions amidst the Middle East conflict.
SMBC names 13 new managing directors across APAC
The promotions span a variety of roles both front-facing and in the middle and back office.
Which Asian banks made it to the world's top public companies?
Three Chinese lenders made the Top 10 whilst Bank of America is the only 2003 top 10 survivor
Interest income and fees drive Japan bank profits up 32.7% to $37.25b
NPLs slightly increased although the NPL ratio dipped to 0.64%.
Japan's megabanks target live stablecoin transactions in FY2026
The three will establish a voluntary council for this goal.
SMFG targets $5b in sales and trading revenue: report
Arihiro Nagata conservatively estimates that it would take six years to do so.
Japan’s megabanks stockpile $5.48b in provisions despite record earnings
MUFG tripled its loan-loss provisions whilst Mizuho’s more than doubled.
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.
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