Page 13 - Jun Ohta News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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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 have been struggling with ultra-low interest rates at home, with SMFG seeking opportunities outside Jap...

Sumitomo Mitsui Financial keen to buy commercial bank in Indonesia 22 Dec 2020 / 00:56 H. TOKYO: Japan's 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, particularly in Southeast Asia. Speaking with Reuters, Ohta said there would be no significant changes i...

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 interview. It wants to find a partner to underwrite equity and bond sales in the U.S. and elsewhere, after t...