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.
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.
Business | Commercial Banking |
Establishment date | 3 March 2003 (Under the former name of SMBCE) |
Chief executive officer | Hideo Kawafune |
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 | 2,036 (as at 1 August 2024) |
Auditor | KPMG LLP |
Network | Head office in London and a branch in Paris. |
Income (SMBC BI) for fiscal year 2022-23 | Net interest income US $440.4m Operating income US $1,274.2m Profit before tax US $535.6m |
Regulator | Authorised 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.