Sumitomo Mitsui Financial Group: Difference between revisions
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It holds [[assets]] of around US $1.3 trillion and is one of the largest companies of the [[Sumitomo Group]]. |
It holds [[assets]] of around US $1.3 trillion and is one of the largest companies of the [[Sumitomo Group]]. |
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In February 2010, the SMFG [[brand]] was valued by a brand valuation consultancy, [[Brand Finance]], and [[The Banker]] magazine as the 42<sup>nd</sup> most valuable banking brand in the world, at $3,462 million<ref>[http://www.brandirectory.com BranDirectory] Database of brand valuations published by Brand Finance</ref> with a brand rating of A. |
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==Group companies== |
==Group companies== |
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Revision as of 15:19, 19 February 2010
| Company type | Public (TYO: 8316) |
|---|---|
| Industry | Financial Services |
| Predecessor | Sumitomo Mitsui Banking Corporation |
| Founded | December 2, 2002 |
| Headquarters | , |
Area served | Worldwide |
Key people | Teisuke Kitayama (President) |
| Services | Personal Banking Corporate Banking Investment Banking Investment Management Wealth Management Mortgage Credit Cards |
| Revenue | ¥2.166 trillion (2009)  2% |
¥45.3 billion (2009)  95% | |
| ¥373.5 billion (2009) 119% | |
| Total assets | ¥107.5 trillion (as of March 31, 2009) 7% from year earlier |
| Total equity | ¥2.547 trillion (as of March 31, 2009) 27% from year earlier |
Number of employees | 21,816 (as of March 31, 2009) |
| Subsidiaries | Sumitomo Mitsui Banking Corporation SMFG Card & Credit Co., Ltd. |
| Website | http://www.smfg.co.jp/english/ |
Sumitomo Mitsui Financial Group (SMFG; 株式会社三井住友フィナンシャルグループ, Kabushiki kaisha mitsui sumitomo finansharu gurūpu) is a Japanese bank holding / financial services company established by Sumitomo Mitsui Banking Corporation, which is the second largest bank in Japan by market value (as of Nov 2009).
It holds assets of around US $1.3 trillion and is one of the largest companies of the Sumitomo Group.
In February 2010, the SMFG brand was valued by a brand valuation consultancy, Brand Finance, and The Banker magazine as the 42nd most valuable banking brand in the world, at $3,462 million[1] with a brand rating of A.
Group companies
- Sumitomo Mitsui Banking Corporation
- Sumitomo Mitsui Card Company. Limited
- SMBC Leasing Company. Limited
- The Japan Research Institute. Limited
- SMBC Friend Securities Co., Ltd.
- Daiwa SB Investments Ltd.
- Daiwa Securities SMBC Co., Ltd.
History
December 2002
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.
February 2003
Sumitomo Mitsui Card Company, Limited, SMBC Leasing Company, Limited, and The Japan Research Institute became wholly-owned subsidiaries of SMFG.
June 2004
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.
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.
September 2006
SMBC Friend Securities became a wholly-owned subsidiary of SMFG.
October 2006
SMFG reached an agreement to pursue strategic joint business with the Sumitomo Corporation group in the leasing and auto leasing businesses.
May 2009
SMFG acquires Nikko Cordial, a brokerage, from Citigroup.
See also
External links
- Official website: http://www.smfg.co.jp/english/
- ^ BranDirectory Database of brand valuations published by Brand Finance