Page 7 - Jun Ohta News Today

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2 Min Read TOKYO (Reuters) - Japan’s second-largest lender Sumitomo Mitsui Financial Group Inc is eager to buy a commercial bank in Indonesia, its chief executive said, after a “painful” defeat last year in vying for mid-sized lender PT Bank Permata. FILE PHOTO: A sign board of Sumitomo Mitsui Banking Corporation, part of Sumitomo Mitsui Financial Group Inc (SMFG), is seen outside its branch in Tokyo July 30, 2014. REUTERS/Yuya Shino The comment by CEO Jun Ohta comes as Japanese banks hav...

Sumitomo Mitsui Financial keen to buy commercial bank in Indonesia 22 Dec 2020 / 00:56 H. TOKYO: Japans second-largest lender Sumitomo Mitsui Financial Group Inc (SMFG) is eager to buy a commercial bank in Indonesia, its chief executive said, after a "painful" defeat last year in vying for mid-sized lender PT Bank Permata. The comment by CEO Jun Ohta ( pix) comes as Japanese banks have been struggling with ultra-low interest rates at home, with SMFG seeking opportunities outside Japan, parti...

Sumitomo Mitsui on Hunt for Asian Bank, U.S. Deals Partner Bloomberg 12/22/2020 Taiga Uranaka and Yuki Hagiwara (Bloomberg) -- Sumitomo Mitsui Financial Group Inc. is seeking to buy an Asian lender and team up with a global investment bank on U.S. dealmaking, signaling its expansion plans remain undeterred by the pandemic. Japan’s second-biggest bank is “studying specific targets” in Vietnam, the Philippines and India, Chief Executive Officer Jun Ohta said in an intervie...