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Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation

Parent Company: Sumitomo Mitsui Financial Group Inc

Brand value: $4,696 million

Headquarter city: Tokyo

Industry: Banks

Year formed: 2001

Sumitomo Mitsui Banking Corporation (abbreviation: SMBC) is a city bank affiliated with Sumitomo Mitsui Financial Group, which ranks as one of Japan’s three largest megabanks. The bank’s modern identity dates to a 2001 merger, though its earliest predecessor, Mitsui Bank, was founded in 1876. Today, SMBC has 443 domestic branch offices, 19 overseas branches, and more than 28,000 employees. SMBC’s core values are: Customer First, Proactive and Innovative, Speed, Quality, and Team SMFG.  SMBC’s Logo is the “Rising Mark,” an upward curve in a reassuring green color that represents the desire to grow the group together with customers, shareholders, and society. Going forward SMBC hopes to used advance FinTech to improve efficiency and customer experience; to that end, SMBC has been unveiling “next generation” branches with a variety of self-service options and a more enjoyable atmosphere. The company also recently joined with Mitsubishi UFJ to consolidate ATM machines outside of its branches. The company’s sponsorships include the upcoming Olympics and Paralympics, as well as efforts in baseball, rugby, and golf. Sumitomo Mitsui Financial Group, Inc. is listed on the Tokyo, Nagoya, and New York Stock Exchanges.

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