Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation
Private (Subsidiary)
Industry Financial services
Predecessor The Wakashio Bank, Ltd. (Renamed on April 1, 2001)
Founded June 6, 1996
(The Sakura Bank, Ltd.: July, 1876)
(The Sumitomo Bank, Ltd.: November, 1895)
Headquarters Chiyoda-ku, Tokyo, Japan
Number of locations
444 branches (as of September 30, 2009)
Area served
Key people
Takeshi Kunibe
Services Personal banking
Corporate banking
Investment banking
Revenue Increase ¥2,108,724 million (non-consolidated, March 2011)
Increase ¥218,075 million (non-consolidated, March 2011)
Profit Increase ¥421,180 million (Mnon-consolidated, arch 2011)
Total assets Increase¥115,484,907 million (non-consolidated, as of March 31, 2011)
Total equity Increase¥5,559,293 million (non-consolidated, as of March 31, 2011)
Number of employees
22,524 (as of March 31, 2011)
Parent Sumitomo Mitsui Financial Group, Inc.
Subsidiaries Nikko Cordial Securities Inc.
Orix Credit Corporation
Promise Co., Ltd.
Website Sumitomo Mitsui Banking Corporation
SMBC Nihonbashi Branch

Sumitomo Mitsui Banking Corporation (SMBC; 株式会社三井住友銀行 Kabushiki kaisha mitsui sumitomo ginkō) is a Japanese multinational banking and financial services company headquartered in Yurakucho, Chiyoda, Tokyo, Japan. It is a wholly owned subsidiary of Sumitomo Mitsui Financial Group. SMBC is the second largest bank in Japan by asset.[1]


SMBC was formed by the merger of The Sumitomo Bank and Sakura Bank in April 2001. Sumitomo Bank was a major Japanese bank founded in 1895; Sakura Bank was a descendant of Mitsui Bank, another major Japanese bank founded in 1876, but with operations dating back to 1683, when the Tokugawa Shogunate granted Mitsui Takatoshi permission to act as a money changer.


The Sumitomo Mitsui Banking Corporation is organised in the following structure:[2]


See also


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