Dear readers, I am sharing with you information about one of the largest Japanese banks, which offers a wide range of financial services related to banking and venture capital. It is a company called Sumitomo Mitsui Banking Corporation (SMBC) and is headquartered in Tokyo, Japan. According to the data, in 2008 in the Asia-Pacific region, the Singapore branch became the regional center of Sumitomo Mitsui Banking Corporation. As we can see from the name, this bank is part of the Sumitomo and Mitsui groups and it was formed through the merger of Sumitomo Bank and Sakura Bank in 2001. Following the merger, this corporation has grown with an organic and inorganic growth strategy.
Sumitomo Mitsui Banking Corporation handles matters such as securities, venture capital, credit cards, leasing, investment and many other lending matters. It owns 127 subsidiaries and 26 associates in various business segments. Therefore, Sumitomo Mitsui Banking Corporation works with small and medium-sized enterprises, financial institutions and public sector organizations, individuals, large corporations and other clients, providing them with a wide range of financial
products and services. This bank is included in the list of world significant banks of the Financial Stability Council.
Sumitomo Mitsui Banking Corporation currently operates in more than 40 countries as it is the large bank in the world in terms of assets. I also want to add that Sumitomo Mitsui Banking Corporation is a large global financial institution in the field of project finance for the total loan amount.
I would like to write to you about the client base, which consists mainly of Japanese corporations, but at the same time it should be noted that foreign corporate lending has increased precisely after foreign expansion.
Sumitomo Mitsui Banking Corporation's goal is to build a successful future with entrepreneurs,
support investment management and improve corporate value, build trust with management, and help finance growing companies looking to solve social problems and improve people's lives. This corporation also invests in industries that are not limited and not affected by economic trends, market conditions, thereby trying to do everything to create excellent conditions for life in the future, offering entrepreneurs individual ideas and technologies.
Sumitomo Mitsui Banking Corporation is a member of Sumitomo Mitsui Financial Group.