Sumitomo Mitsui Banking Corporation is a Japanese multinational bank headquartered in Tokyo. It is part of the Sumitomo Mitsui Financial Group and is one of the largest banks in Japan.
SMBC in its current format was formed in 2001, but its history dates back to the two other banks from which it was formed; The Sumitomo Bank, founded in 1895, and Sakura Bank, founded as Mitsui Bank in 1876.
SMBC has had a presence in London since 1918, but Sumitomo Mitsui Banking Corporation Europe, a wholly owned subsidiary of the group, was founded in 2003. The subsidiary conducts business in Europe, the Middle East and Africa. Alongside its London head office, SMBCE has branches in Madrid, Dublin, Milan, Amsterdam, Prague and Paris.
SMBC Products and Services
SMBCE works with corporate clients across industries including finance, aviation, shipping, mining, chemicals, auto manufacturing, commodities, power and oil and gas. The bank provides syndicated and bilateral loans, deposits, financing for mergers and acquisitions, capital markets, derivatives and corporate lending products.
Due to its stable credit status, the bank attracts funds from a network of large and trusted banks
SMBCE also offers foreign exchange and treasury services and has specialist knowledge of Japanese markets. Due to its stable credit status, the bank attracts funds from a network of large and trusted banks; SMBCE customers can deposit their funds in London, Paris, or SMBC branches in Dusseldorf and Brussels.
SMBC has been providing project finance services since the early 1990s, and since the founding of SMBCE the bank’s project finance teams have financed more than 400 projects across transport, infrastructure, asset acquisition, energy and natural resources.