Summary
The SMBC group has approximately USD 1.30trillion in assets, the majority of which are in Japan. SMBC is one of the three major Japanese banks and has a significant deposit base. Throughout the recent Global Financial turmoil, culminating in the ongoing sovereign debt crisis, the SMBC group has had ample liquidity and a strong funding base.
Deposits
SMBC is one of the top three major Japanese banking groups. As a wholly owned subsidiary of SMBC, SMBCE was able to enjoy relative stability during the current market concerns. Benefitting from this profile, SMBCE has been able to attract deposits from major EMEA Central Banks, supranationals, as well as major Japanese and European blue chip corporations.
Foreign Exchange
SMBCE has a global presence, not just within EMEA, and network in all major currencies quoting Spot, Forward and some derivatives in major pairings. As a result of our close ties with the Treasury operation of SMBC Head Office, we are able to offer specialist knowledge of the Japanese YEN market. SMBCE has good access to market liquidity and therefore has the capability to provide good transaction sizes.
For more information please contact:
Non Japanese Sales Group
Treasury@gb.smbcgroup.com
slondonsales@bloomberg.net
telephone 0207 786 1265
Or
Japanese Sales Group
Hiroaki Kanamaru, Jamie Smyth, Jonathan Jenkins, Mark Pollard, Elliott Law, Ben Lewis on
SMBCETreasury@gb.smbcgroup.com,
Telephone 0207 786 1780 or Reuters SMLC