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SMBC Bank International plc (SMBC BI) is headquartered in London and is a wholly owned subsidiary of SMBC. It was established in March 2003 as Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE) and changed its name and re-registered as a public limited company in 2020. It serves customers in the United Kingdom and in non-European Economic Area (non-EEA) countries across Europe, the Middle East and Africa.
SMBC BI is the new name for SMBCE, which has also re-registered from an English private limited company to an English public limited company under the relevant provisions of the Companies Act 2006. The re-registration and name change took place at the same time.
The bank remains a wholly owned subsidiary of its Japanese parent company, SMBC, and remains the same legal entity with the same registered company number (04684034) and registered office following the re-registration and name change. The statutory directors and UK regulatory status of the bank has not changed.
PDF Press release: Re-registration as plc and name change (SMBCE – 29 June 2020)
The re-registration and name change will not impact customer dealings with the bank and no action will be required on the part of customers. All of the bank’s existing contractual and service arrangements and the bank’s existing obligations under them will remain unchanged.
The personnel at the bank with whom customers currently interact and their contact details, including email addresses, remain the same (unless otherwise notified to you by us). The account details of the bank remain the same, including the SWIFT code, except that SMBCE's name has changed to SMBC BI.
Following the re-registration and name change, the bank has made available the combined change of name and re-registration certificate issued by the UK Registrar of Companies and its updated articles of association.
PDF Articles of association (SMBC BI)
PDF Certificate of incorporation on change of name and re-registration (SMBC BI)
| Business | Commercial Banking |
| Establishment date | 3 March 2003 (Under the former name of SMBCE) |
| Chief executive officer | Keiichiro Nakamura |
| Capital stock | US $3.2bn + GB £50k |
| Ownership | 100% Sumitomo Mitsui Banking Corporation (UK incorporated subsidiary of SMBC) |
| Head office | 100 Liverpool Street, London, EC2M 2AT, United Kingdom. |
| Number of employees | 1,547 |
| Auditor | KPMG LLP |
| Network | Head office in London and a branch in Paris. |
| Income (SMBC BI) for fiscal year 2020-21 | Net interest income US $340.6m Operating income US $841.0m Profit before income tax US $333.1m |
| Regulator | Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. |