Sumitomo Mitsui Banking Corporation (SMBC,
Mitsui Sumitomo Ginkō, 株式会社三井住友銀行) is a
Japaneseis an island country in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, People's Republic of China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
bank based in Yurakucho,
Chiyoda-kuis one of the 23 special wards in central Tokyo, Japan. In English, it calls itself Chiyoda City. As of October 2007, the ward has an estimated population of 45,543 and a density of 3,912 persons per km², making it by far the least populated of the special wards...
, Tokyo, Japan. It is a member of the
Sumitomo Groupis one of the largest keiretsu, founded by Masatomo Sumitomo.-History:Masatomo Sumitomo began the company as a store selling medicine and books in 1630; however, copper made the company famous....
and
Mitsui Groupis one of the largest corporate conglomerates in Japan and one of the largest publicly traded companies in the world.-History:Founded by Mitsui Takatoshi , who was born a fourth son of a shopkeeper in Matsusaka, called Echigoya in today's Mie prefecture. His father originally sold miso, a...
.
- 1683: Shogunate granted Mitsui Takatoshi
, founder of the Mitsui conglomerate. The second son of Sokubei Mitsui, a grocer and pawnbroker of Matsusaka , in Mie, he showed a remarkably precocious talent for business from an early age, and, moving to Edo at 14 years of age, where he was later joined by his brothers Toshigutsu, and...
permission to act as a money changer. Takatoshi Mitsui then developed a new system of inter city loans.
- July, 1876 Mitsui Bank is established as a private bank. (Capital stock: ¥2 million)
- June, 1893 Mitsui Bank reorganizes itself as an unlimited partnership.
- November, 1895 Sumitomo Bank is established as a private enterprise.
- November, 1909 Mitsui Bank reorganizes into a limited company.
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Sumitomo Mitsui Banking Corporation (SMBC,
Mitsui Sumitomo Ginkō, 株式会社三井住友銀行) is a
Japaneseis an island country in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, People's Republic of China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
bank based in Yurakucho,
Chiyoda-kuis one of the 23 special wards in central Tokyo, Japan. In English, it calls itself Chiyoda City. As of October 2007, the ward has an estimated population of 45,543 and a density of 3,912 persons per km², making it by far the least populated of the special wards...
, Tokyo, Japan. It is a member of the
Sumitomo Groupis one of the largest keiretsu, founded by Masatomo Sumitomo.-History:Masatomo Sumitomo began the company as a store selling medicine and books in 1630; however, copper made the company famous....
and
Mitsui Groupis one of the largest corporate conglomerates in Japan and one of the largest publicly traded companies in the world.-History:Founded by Mitsui Takatoshi , who was born a fourth son of a shopkeeper in Matsusaka, called Echigoya in today's Mie prefecture. His father originally sold miso, a...
.
History
- 1683: Shogunate granted Mitsui Takatoshi
, founder of the Mitsui conglomerate. The second son of Sokubei Mitsui, a grocer and pawnbroker of Matsusaka , in Mie, he showed a remarkably precocious talent for business from an early age, and, moving to Edo at 14 years of age, where he was later joined by his brothers Toshigutsu, and...
permission to act as a money changer. Takatoshi Mitsui then developed a new system of inter city loans.
- July, 1876 Mitsui Bank is established as a private bank. (Capital stock: ¥2 million)
- June, 1893 Mitsui Bank reorganizes itself as an unlimited partnership.
- November, 1895 Sumitomo Bank is established as a private enterprise.
- November, 1909 Mitsui Bank reorganizes into a limited company. (Capital stock: ¥20 million)
- March, 1912 Sumitomo Bank reorganizes into a limited company. (Capital stock: ¥15 million)
- December, 1936 The seven major banks of Hyogo Prefecture are merged into Kobe Bank.
- December, 1940 Dai Nihon Mujin is established.
- April, 1943 Mitsui Bank merges with Dai-Ichi Bank to form Teikoku Bank.
- August, 1944 Teikoku Bank merges with Jugo Bank.
- July, 1945 Sumitomo Bank merges with Hannan and Ikeda Jitsugyo Banks. Kobe Bank begins trust business.
- April, 1948 Dai Nihon Mujin is renamed Nihon Mujin.
- October, 1948 Teikoku Bank is re-established by Dai-Ichi Bank's separation. Sumitomo Bank is renamed Osaka Bank.
- May, 1949 Teikoku Bank's shares become listed on the Tokyo and Osaka stock exchanges. Osaka Bank's shares become listed on the Tokyo and Osaka stock exchanges. (Listed on Sapporo Securities Exchange in April 1950 and Nagoya Stock Exchange in March 1989 thereafter.)
- October, 1951 Nihon Mujin is renamed Nihon Sogo Bank.
- December, 1952 Osaka Bank's name is restored to Sumitomo Bank.
- January, 1954 Teikoku Bank's name is restored to Mitsui Bank.
- April, 1960 Kobe Bank's trust division is transferred to Toyo Trust and Banking.
- April, 1965 Sumitomo Bank merges with Kawachi Bank.
- April, 1968 Mitsui Bank merges with Toto Bank.
- December, 1968 Nihon Sogo Bank converts to an ordinary bank and is renamed Taiyo Bank.
- October, 1973 Kobe Bank and Taiyo Bank merge to form Taiyo Kobe Bank.
- October, 1986 Sumitomo Bank merges with Heiwa Sogo Bank.
- January, 1989 Sumitomo Bank's shares become listed on the London Stock Exchange.
- April, 1990 Mitsui Bank and Taiyo Kobe Bank merge to form Mitsui Taiyo Kobe Bank.
- April, 1992 Mitsui Taiyo Kobe Bank is renamed Sakura Bank.
- June, 1996 The Wakashio Bank, Ltd. is established, and starts operation in September.
- April, 2001 Sakura Bank and Sumitomo Bank merge to form Sumitomo Mitsui Banking Corporation. (Capital stock: ¥1,276,7 billion)
- December, 2002 Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation is a Japanese bank based in Yurakucho, Chiyoda-ku, Tokyo, Japan. It is a member of the Sumitomo Group and Mitsui Group.-History:...
(SMBC) establishes a holding company named Sumitomo Mitsui Financial Group, Inc. (SMFG) through a share transfer, and SMBC then becomes a wholly-owned subsidiary of SMFG.
- March, 2003 Wakashio Bank merges with former SMBC (merged bank's name : Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation is a Japanese bank based in Yurakucho, Chiyoda-ku, Tokyo, Japan. It is a member of the Sumitomo Group and Mitsui Group.-History:...
)
- July, 2008 Sumitomo Mitsui buys a 2.1 per cent stake in Barclays Bank for £500m
- April, 2008 A gang involving conman
A confidence trick or confidence game is an attempt to defraud a person or group by gaining their confidence...
"Lord" Hugh Rodley, security insider Kevin O'Donoghue and Soho sex shop owner David Nash are found guilty of an attempted high tech robbery of £229m from Sumitomo Mitsui Banking Corporation's London[]London is the capital of England and the United Kingdom. It has been a major settlement for two millennia, and the history of London goes back to its founding by the Romans, when it was named Londinium. London's core, the ancient City of London, the 'square mile', retains its medieval boundaries...
branch in 2006. Henchmen Jan Van Osselaer and Gilles Poelvoorde were also found guilty of conspiracy to steal. The plot was discovered by Sumitomo Mitsui staff and no money was stolen. Another accused, Bernard Davies, died before the trial.
Structure
The Sumitomo Mitsui Banking Corporation is organised in the following structure:
- Consumer Banking Unit
- Middle Market Unit
- Corporate Banking Unit
- Investment Banking Unit
- International Banking Unit
- Treasury Unit
- Compliance Unit
- Corporate Staff Unit
Capitalization
As of the year 2006, SMBC was the third largest bank in Japan and the eighth largest bank in the world.