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Formal investigation into Forum Finance and founder Bill Papas
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Euromoney SMBC pauses for breath after global deal spree
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Japanese banks take on strategic roles Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
09/07/2021 09:53 GMT+7
Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
MUFG has been working in collaboration with VietinBank for years. VIR photo: Le Toan
Japan’s Sumitomo Mitsui Banking Corporation (SMBC), the banking arm of Sumitomo Mitsui Financial Group (SMFG) was last week reported to have acquired a 5 per cent stake in Philippines-based lender Rizal Commercial Banking Corp (RCBC), equivalent to around $93.9 million.
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SMBC joins Contour trade finance network 4 hours ago
Source: Contour Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has become the latest institution to join Contour’s global network of banks, corporates and ecosystem partners working together to transform trade finance.
Having been a member of Contour’s beta network since last year, transitioning to the full production network signals SMBC’s commitment to digitising trade finance. In doing so, SMBC will be able to provide its customers with a fully digital end-to-end Letter of Credit (LC) settlement process, vastly improving cost and time-saving benefits.
East African Crude Oil Pipeline (EACOP) will disenfranchise local communities in Uganda and Tanzania – Newstime Africa
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