Sumitomo Mitsui Financial Group Inc SMFG

In tandem with its subsidiaries, the Sumitomo Mitsui Financial Group is a Japanese institution providing diversified financial services. This enterprise was founded in 2002 and has its head office in Tokyo. Sumitomo Mitsui Financial Group mainly operates locally in Japan. The group’s subdivisions and subsidiaries include Sumitomo Mitsui Banking Corporation, SMBC Trust Bank, SMBC Finance Service, and SMBC Consumer Finance. The company embraces sustainability across the board. It addresses environmental issues through its business dealings, aiming to support climate change directives.

Listed on the NYSE, Sumitomo Mitsui Finance Group share price information is categorised under the ticker SMFG. In December 2020, Sumitomo Mitsui Banking Corporation, a subsidiary of the Sumitomo Mitsui Financial Group, entered into an agreement with the Ministry of Investment in Saudi Arabia. This agreement aims to promote investment and trade between Saudi Arabia and Japan.

Wholesale Business Unit, Retail Business Unit, International Business Unit, and Global Market Business Unit constitute the four main segments of this financial group. Services include risk hedging, settlements, investment management, home loans, and cash management services. Sumitomo Mitsui Financial Group also provides credit card, internet banking, and data processing services.

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