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High commodity prices and high capex spend on improving
extraction productivity and value added products has significantly increased the export earnings of commodity-rich exporting countries. SMBC group has been very active in providing finance for that capex and is in a strong position to assist in the investment of the significant forex cash flows now being enjoyed by commodity rich countries.
SMBC group largely avoided the sub-prime problems and continues to publish strong results. By market cap, SMBC has consistently ranked as a top 25 global bank. If you have an interest in depositing moneys with SMBC or SMBCE, please do not hesitate to contact our London Treasury Department, Dave Thomas, Jonathan Jenkins or Stephen Willcox on our Corporate Desk, either via Reuters (Reuters Code: SMLC), Bloomberg (email: dave_thomas@gb.smbcgroup.com) or by phone (+44 20 7786 1265).
Your counterparty for deposit business is according to your preference and can be either Sumitomo Mitsui Banking Corporation (SMBC), which is regulated and authorised by the Japan FSA or Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), the London-based subsidiary of SMBC which is authorised and regulated by the UK FSA. Please discuss your preference at the time of placing your deposit with our Treasury Department. SMBC and SMBCE are presently assigned the following external ratings:
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