Where have you heard about the Sumitomo Mitsui Financial Group?
What is the Sumitomo Mitsui Financial Group?
It's a Japanese banking and financial services company. Headquartered in Tokyo, the bank was established in 2002 by the Sumitomo Mitsui Banking Corporation, one of the largest banks in the country.
Along with some of Japan's other leading banking groups, the Sumitomo Mitsui Financial Group (SMFG) made the news recently for its investment in the country's largest Bitcoin exchange. They hope to capitalise on a growing Bitcoin market that they hope will extend to the global remittances market.
What you need to know about the Sumitomo Mitsui Financial Group.
The Sumitomo Mitsui Financial Group are an umbrella company with subsidiaries involved in many different financial services; from consumer banking, insurance and asset management to corporate financing and investment banking.
In 2015, SMFG had total assets under management of JPY 9.753 trillion ($96 billion). As at January 2017 they had an A1 credit rating from Moody's and an A- credit rating from Standard & Poor's.
It trades on the Tokyo Stock Exchange, the Osaka Securities Exchange and the Nagoya Stock Exchange.
Find out more about the Sumitomo Mitsui Financial Group.
The Sumitomo Mitsui Financial Group trades on the Tokyo Stock Exchange. Find out more about the largest stock exchange in Japan.
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