UK and non-EEA countries

SMBC Bank International plc (SMBC BI) was established in March 2003 as Sumitomo Mitsui Banking Corporation Europe Limited before re-registering as a public limited company with a new name in September 2020. It is a wholly owned subsidiary of SMBC and provides an extensive range of banking services to  commercial and institutional customers across Europe (non-EEA), the Middle East and Africa.

TRANSFER OF SECURITIES BUSINESS TO FORM UK UNIVERSAL BANK ENTITY

SMBC BI completed the transfer of the securities business from SMBC Nikko Capital Markets Limited (SMBC Nikko), effective 7 October 2024. With the completion of this transfer, SMBC BI has commenced operations as a  universal bank, enabling SMBC Group to better serve clients by offering banking and securities products through a single entity providing a full range of financial services. 

SMBC BI has also established a new Abu Dhabi Global Market (ADGM) branch to support Middle Eastern clients previously managed by SMBC Nikko.

Corporate Profile of SMBC BI

BusinessCommercial Banking
Establishment date3 March 2003
(Under the former name of SMBCE)
Chief executive officerHideo Kawafune
Capital stockUS $3.2bn + GB £50k
Ownership100% Sumitomo Mitsui Banking Corporation
(UK incorporated subsidiary of SMBC)
Head office100 Liverpool Street, London, EC2M 2AT, United Kingdom.
Number of employees2,036 (as at 1 August 2024)
AuditorKPMG LLP
NetworkHead office in London and a branch in Paris.
Income (SMBC BI) for fiscal year 2022-23Net interest income US $440.4m
Operating income US $1,274.2m
Profit before tax US $535.6m
RegulatorAuthorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Information correct as of 7 October 2024. Income as of March 2024.

Credit Rating

SMBC BIMoody'sS&PFitch
Long termA1AA-
Short termP-1A-1F1