Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group, Inc. (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 $1.8 trillion and is one of the largest financial institutions in the world.
Group companies
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Card Company. Limited
Sumitomo Mitsui Finance and Leasing Co., Ltd.
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.
