Sumitomo Mitsui Financial Group corporation (Japanese: Sumitomo Mitsui フ ィ ナ ン シ ャ ル グ ル ? プ, Sumitomo Mitsui Financial Group), referred to as "SMFG's, is a Financial holding company, is Japan's third largest Financial institutions.
Sumitomo mitsui financial group is the main sumitomo mitsui bank, the bank is in April 2001 by the merger of sakura bank and sumitomo bank.In December 2002, sumitomo mitsui banking by sumitomo mitsui financial holding company is established in the form of transfer.Sumitomo mitsui banking of total assets of 100 trillion yen, Japan mitsui consortium and the core enterprise of sumitomo consortium, is Japan's second largest commercial Banks, one of the top 10 commercial Banks in the world.
Sumitomo mitsui financial group has sumitomo mitsui banking, leasing, sumitomo mitsui sumitomo mitsui card company and Japan research institute, etc. 4 subsidiaries.The characteristic of sumitomo mitsui financial group is only personal banking business, the lack of legal business.So on UFJ joint financial holding group (Japan) in the merger at 1:1 the conditions of the merger of equals.Its purpose is to through UFJ group expansion of corporate business, the trust and securities business.Mixed management environment in Japan, only diversification is a way out.So in the future through what way can sumitomo mitsui financial group restructuring, is the focus of Japanese industry.