Sumitomo Mitsui Financial Group Inc (8316.T)

8316.T on Tokyo Stock Exchange

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Thu, Jun 6 2019

Japanese lender SMFG eyes Philippines, India in Asia growth push

TOKYO Sumitomo Mitsui Financial Group (SMFG) aims to expand its business in Asia and is looking at the Philippines, India and Myanmar for possible future investment, the CEO of Japan's second-largest bank by assets said.

Japan's SMFG posts slight profit decline, sees further weakness

TOKYO, May 15 Sumitomo Mitsui Financial Group Inc (SMFG) on Wednesday posted a 1% decline in net profit for the year through March, and flagged a further decrease this year reflecting the chronic battle for Japanese banks as face ultra-loose monetary policy.

SMFG weighs acquiring Asia banks to use some of $12 billion surplus capital

TOKYO Sumitomo Mitsui Financial Group (SMFG) wants to acquire Asian commercial banks, utilising some of the up to $12 billion in surplus capital that Japan's third-largest lender expects to build up over the next five years, its chief executive said.

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