Mitsui Bank

SMBC Launches Sustainability-Linked Loan for Overseas Japanese Customers

Retrieved on: 
Friday, February 5, 2021
Banking, Accounting, Professional services, Finance, Sumitomo Mitsui Financial Group, Mitsui, Sumitomo Group, Companies, Sumitomo Mitsui Banking Corporation, Economic history of Japan, Banks, SMBC, Mitsui Bank, Sustainable Development Goals, The Sumitomo Bank, SMBC Aviation Capital, SMBC Group, Bridgestone Americas, Inc.

Sumitomo Mitsui Banking Corporation (SMBC) (President and Group CEO: Makoto Takashima) announced today the launch of Sustainability-Linked Loan (SLL) financing for its overseas Japanese customers ESG (1) and SDGs (2) related activities.

Key Points: 
  • Sumitomo Mitsui Banking Corporation (SMBC) (President and Group CEO: Makoto Takashima) announced today the launch of Sustainability-Linked Loan (SLL) financing for its overseas Japanese customers ESG (1) and SDGs (2) related activities.
  • This is the first SLL financing arranged by SMBC for an overseas Japanese customer.
  • As announced on April 13, 2020, SMBC Group including SMBC has established SMBC Group GREEN GLOBE 2030, a ten-year plan that extends to 2030 based on the Sustainability Statement.
  • Based on the Sustainability Statement, SMBC will engage and act together with customers and other stakeholders to contribute to the global transformation into a better society.

Canadian Solar, KEPCO and Sprott Close US$93 Million Non-Recourse Financing with SMBC for the Tastiota Project in Mexico

Retrieved on: 
Tuesday, October 6, 2020
Companies, Sumitomo Mitsui Financial Group, Mitsui, Sumitomo Group, Sumitomo Mitsui Banking Corporation, Economic history of Japan, Banks, Korea Electric Power Corporation, SMBC, Power purchase agreement, Mitsui Bank

The non-recourse financing package, arranged by Canadian Solar, was provided by Sumitomo Mitsui Banking Corporation ("SMBC").

Key Points: 
  • The non-recourse financing package, arranged by Canadian Solar, was provided by Sumitomo Mitsui Banking Corporation ("SMBC").
  • The Tastiota financing package consists of a US$67 million senior loan, US$15 million letter of credit facility, and a US$12 million VAT facility covering the construction and operational phase of the project.
  • The Tastiota project was awarded a Power Purchase Agreement (PPA) during Mexico's third energy auction.
  • We are also delighted to collaborate with our global partners KEPCO and Sprott to advance this project.

Ares Management Corporation and Sumitomo Mitsui Banking Corporation Announce Strategic Agreement and Equity Transaction

Retrieved on: 
Monday, March 30, 2020
REIT, Finance, Banking, Professional services, Construction & Property, Companies, Economic history of Japan, Sumitomo Mitsui Financial Group, Sumitomo Group, Mitsui, Keiretsu, Zaibatsu, Economy of Japan, Sumitomo Mitsui Banking Corporation, Ares Management, SMBC, Mitsui Bank, Ares Management Corporation, Sumitomo Mitsui Financial Group, Inc., Sumitomo Mitsui Banking Corporation

Ares Management Corporation (Ares) (NYSE: ARES), Sumitomo Mitsui Financial Group, Inc. and Sumitomo Mitsui Banking Corporation (hereinafter referred as SMBC, together, the two are hereinafter referred to as SMBC Group) announced today that they have reached a strategic agreement to collaborate on future business opportunities.

Key Points: 
  • Ares Management Corporation (Ares) (NYSE: ARES), Sumitomo Mitsui Financial Group, Inc. and Sumitomo Mitsui Banking Corporation (hereinafter referred as SMBC, together, the two are hereinafter referred to as SMBC Group) announced today that they have reached a strategic agreement to collaborate on future business opportunities.
  • As part of this agreement, SMBC will make a $384 million equity investment in the publicly traded shares of Class A common stock of Ares.
  • Strategic Distribution: Ares and SMBC Group plan to enter into a strategic distribution agreement to market Ares investment products to SMBCs clients in the Japanese market.
  • Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating three integrated businesses across Credit, Private Equity and Real Estate.

SMBC Again Wins Global Bank of the Year Award

Retrieved on: 
Monday, February 10, 2020
Consulting, Banking, Professional services, Finance, Economic history of Japan, Companies, Sumitomo Mitsui Financial Group, Economy of Japan, Keiretsu, Zaibatsu, Sumitomo Mitsui Banking Corporation, SMBC, Nikko Cordial, Mitsui Bank, Mitsui, Sumitomo Group

SMBC, a member of SMBC Group, today announced it was named 2019s Global Bank of the Year by Project Finance International (PFI) magazine.

Key Points: 
  • SMBC, a member of SMBC Group, today announced it was named 2019s Global Bank of the Year by Project Finance International (PFI) magazine.
  • SMBC was recognized for the successful deals the Group supported around the world and has built a substantial presence in Latin America.
  • Our team at SMBC is dedicated to supporting our clients and appreciates the trusted partnerships we have with them.
  • The Groups operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20200210005572/en/

Kx technology selected by Sumitomo Mitsui Banking Corporation to power next generation e-FX infrastructure

Retrieved on: 
Thursday, January 30, 2020
Professional services, Data management, Technology, Finance, Software, Banking, Economic history of Japan, Mitsui, Companies, Sumitomo Mitsui Financial Group, Keiretsu, Zaibatsu, Economy of Japan, Sumitomo Mitsui Banking Corporation, SMBC, Mitsui Bank, Sumitomo Group, Kx, Sumitomo Mitsui Banking Corporation (SMBC)

Kx, a division of First Derivatives plc (LSE:FDP), announces that it has been selected by Sumitomo Mitsui Banking Corporation to build and manage its next generation e-FX platform.

Key Points: 
  • Kx, a division of First Derivatives plc (LSE:FDP), announces that it has been selected by Sumitomo Mitsui Banking Corporation to build and manage its next generation e-FX platform.
  • Sumitomo Mitsui Banking Corporation is now live with Phase One and is already benefiting from tighter spreads, deeper liquidity and higher fill rates.
  • Patrick Brazel, Chief Commercial Officer of Kx commented: We are very pleased to partner with Sumitomo Mitsui Banking Corporation on this strategic initiative.
  • For press inquiries, write to [email protected]
    Sumitomo Mitsui Banking Corporation (SMBC) and its group companies offer a broad range of financial services centered on banking.

Manufacturers Bank Reports 2019 First Half Earnings

Retrieved on: 
Tuesday, August 20, 2019
Banking, Professional services, Finance, Sumitomo Mitsui Financial Group, Financial services, Companies, Economic history of Japan, Mitsui, Sumitomo Group, Sumitomo Mitsui Banking Corporation, Mitsui Bank, SMBC, Bank, Daiwa Securities Capital Markets Co. Ltd., SMBC Aviation Capital

Manufacturers Bank (the Bank) is a Los Angeles based commercial bank with total assets of $4.73 billion as of June 30, 2019.

Key Points: 
  • Manufacturers Bank (the Bank) is a Los Angeles based commercial bank with total assets of $4.73 billion as of June 30, 2019.
  • On January 1, 2019, Sumitomo Mitsui Banking Corporation (SMBC) established a wholly-owned bank holding company in the United States (U.S.), SMBC Americas Holdings, Inc. (SMBCAH).
  • This cash reserve, with a June 30, 2019 balance of $1.89 billion, is on deposit at the Bank.
  • Bauer Financial Inc., an independent bank rating company, has awarded a depository rating, Excellent 4 Star, to Manufacturers Bank.