Sumitomo Mitsui Banking Corporation
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Sumitomo Mitsui Banking Corporation (SMBC, Mitsui Sumitomo Ginkō, 三井住友銀行) is a Japanese bank based in Tokyo, Japan. It is a member of the Sumitomo Group and Mitsui Group.
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[edit] History
In April of 2001, Sakura Bank and Sumitomo Bank merged, forming Sumitomo Mitsui Banking Corporation.
In December 2002, Sumitomo Mitsui Banking Corporation (SMBC) establishes Sumitomo Mitsui Financial Group, Inc. as holding company.
It failed to take over UFJ Bank losing out to the Bank of Tokyo-Mitsubishi.
[edit] Capitalization
As of the year 2006, SMBC was the third largest bank in Japan and the eighth largest bank in the world.
[edit] Shareholders
Sumitomo Mitsui Financial Group, Inc. (100%)
