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Home > Company Index > Banking > Money Center Banks > Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation
OTC: SUBJY
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 NEWS FROM THE STANDARD
International News Briefs
Aug 14 2000 12:00 AM PDT

 PROFILE
"Will you, Sumitomo Bank, take this bank, Sakura to be your lawfully binding merger partner?" The resulting "I do" created Sumitomo Mitsui Banking Corporation, among the world's largest bank with assets more than $950 billion. The bank provides commercial and investment banking, credit and equity derivatives, and financial advisory services. Sumitomo Life Insurance Co. offers its life insurance and payment remittance product, Live One, through Sumitomo Mitsui Banking. Sumitomo Mitsui Banking also sells the group trust products of Sumitomo Trust and Chuo Mitsui Trust. Sumitomo Mitsui is consolidating its trust operations by selling Sakura Trust and Banking to Chuo Mitsui Trust, which has ties to Sumitomo Mitsui.

 COMPETITION
The Asahi Bank, Ltd. (dossier)
The Daiwa Bank, Limited (dossier)
Mizuho Holdings, Inc. (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 28,563.10
1-Yr. Sales Growth: 20.3%
Employees: 14,394
Revenue per employee: $1,984,375.43

 KEY PEOPLE
• Yoshifumi Nishikawa
    CEO
• Youhei Shiraga
    CFO

 CONTACT INFO
C-2, Marunouchi, 1-Chome, Chiyoda-ku
Tokyo 100, Japan
Phone: 81-3-3282-5111
Fax: 81-3-5512-4429
Online: Web Site

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