Page 5 - Jun Ohta News Today

Sumitomo Mitsui Banking Corp.'s planned subsidiary will focus on consumers, marking a major departure for a company that has focused almost exclusively on commercial lending.

24.08.2022 - Sumitomo Mitsui Financial Group, Inc. (SMFG”, President and Group CEO Jun Ohta, together with subsidiaries “SMBC Group”) announced today that it will strengthen its presence in the U.S. with a new digital consumer banking business. Jenius Bank will ...

By Makiko Yamazaki and Yuki Nitta TOKYO (Reuters) - When Japan's biggest banks helped finance a $34 billion deal last year for medical supply maker Me...

The banks are facing increasing risks and dwindling opportunities, testing their staying power.

TOKYO: After spending more than US$3.3bil (RM13.8bil) on deals in Asia this year, Sumitomo Mitsui Financial Group Inc chief executive officer Jun Ohta says he is far from completing his ambitions in the region and will weigh more transactions in the future.

The head of Japan’s second-largest lender is seeking to broaden services across Asia, acquiring commercial banks and consumer-finance companies.

Sumitomo Mitsui announced a raft of deals this year

The ultimate goal is to create a second and third SMBC group, its chief executive said. . Read more at straitstimes.com.

(Bloomberg) -- After spending more than $3.3 billion on deals in Asia this year, Sumitomo Mitsui Financial Group Inc. Chief Executive Officer Jun Ohta said he’s far from completing his ambitions in the region and will weigh more transactions in the future.

Sumitomo Mitsui Financial Group Inc (SMFG) says it has completed the purchase of a 74.9% stake in Fullerton India Credit Co Ltd from Fullerton Financial Holdings Pte Ltd, a subsidiary of a Singapore-based investment company Temasek