Sumitomo Mitsui Financial Net Worth is$47.8 B
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Logo: Image:SumitomoBank.png
Type: Public company
Traded As: 8316, SMFG
Predecessor: Sumitomo Mitsui Banking Corporation
Foundation: December 2, 2002
Location City: Chiyoda, Tokyo
Location Country: Japan
Area Served: Worldwide
Key People: Teisuke Kitayama (President)
Industry: Banking, Financial services
Services: Retail banking, Credit Cards
Revenue: 3.073 trillion/link
Net Income: 550.84 billion (2011) Assets: 131.48 trillion (2011) Equity: 5.303 trillion (2011) Num Employees: 62,379 (2011) Subsid: Sumitomo Mitsui Banking Corporation, :ja:SMBC??????
Homepage: [http://www.smfg.co.jp/english/ http://www.smfg.co.jp/english/]
Footnotes: Intl: yes
Slogan: LEAD THE VALUE
Sumitomo Mitsui Financial Group (SMFG; ae ?a 1/4 ?a 1/4 ?c? 3/4 a,?a??a 1/2 ?a??a??a??a??a??a??a??a?<It holds assets of around US $1.8 trillion and is one of the largest financial institutions in the world.
Sumitomo Mitsui Financial Group, Inc. (SMFG) is established through a share transfer from Sumitomo Mitsui Banking Corporation. SMFG's shares become listed on the first section of the Tokyo Stock Exchange, the Osaka Securities Exchange and the Nagoya Stock Exchange.
Sumitomo Mitsui Card Company, Limited, SMBC Leasing Company, Limited, and The Japan Research Institute became wholly owned subsidiaries of SMFG.
SMFG reached an agreement to form a strategic alliance with Promise Co., Ltd. on consumer finance business. The two firms started collaborative business in April 2005.
SMFG reached an agreement to form a strategic alliance with NTT DoCoMo on credit card business. A portion of the shares of Sumitomo Mitsui Card held by SMFG were transferred to NTT DoCoMo, and Sumitomo Mitsui Card issued new shares and allocated them to NTT DoCoMo by means of third party allocation in July 2005. Collaborative business began in December 2005.
SMBC Friend Securities became a wholly owned subsidiary of SMFG.
SMFG reached an agreement to pursue strategic joint business with the Sumitomo Corporation group in the leasing and auto leasing businesses.
SMFG acquires Nikko Cordial, a brokerage, from Citigroup.
The company has agreed to buy Royal bank of Scotland Group Plc's aircraft leasing division for $7.3 billion in the world's biggest acquisition of a leasing business since at least 1999.

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Sumitomo Mitsui Financial Latest News

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After all it’s regulated by Japan’s Financial Services Agency and has raised $36 million worth of venture capital from blue chip banks like Mitsubishi UFJ, Mizuho and Sumitomo Mitsui. It’s not just in Tokyo that people are borrowing to buy BTC.
Posted: December 13, 2017, 4:41 pm

Fairfax and Mitsui Sumitomo Insurance Receive All Regulatory Approvals to Complete Sale of First Capital

Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH) (TSX:FFH.U) announces that all regulatory approvals that are required under the purchase agreement to complete the previously announced transaction in which Mitsui Sumitomo Insurance Company ...
Posted: December 13, 2017, 7:18 am

Two decades after Japan’s financial crisis

Similarly, Mitsubishi UFJ Financial Group will cut its 40,000-plus workforce by 6,000 by the end of the 2023 business year. Combined with Sumitomo Mitsui Financial Group, which earlier said its would slash the workload equivalent of 4,000 jobs by the end ...
Posted: December 12, 2017, 12:20 pm
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