Europe

Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE) was established in March 2003 and is a wholly owned subsidiary of SMBC. The bank carries out the majority of its activities in Europe, the Middle East and Africa.

Conversion to Public Limited Company

Re-registration and change of name

SMBCE is planning to re-register from an English private limited company to an English public limited company and change its name to SMBC Bank International plc under the relevant provisions of the Companies Act 2006.

The re-registration and name change is currently scheduled to take place at the same time on or around 5 October 2020, subject to the completion of all required procedures.

The bank will remain a wholly owned subsidiary of its Japanese parent company, SMBC, and will remain 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 will not change.

PDF Press release: Re-registration as plc and name change (SMBCE)

What does this mean for customers?

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, will remain the same (unless otherwise notified to you by us). The account details of the bank will remain the same, including the SWIFT code, except that SMBCE's name will change to SMBC Bank International plc.

Updated corporate documents

Following completion of the re-registration and name change, the bank will make the combined change of name and re-registration certificate issued by the UK Registrar of Companies and its updated articles of association available on this webpage.

Further information

If you have any queries, please contact your relationship manager or our dedicated conversion team at emeasmbcbi@gb.smbcgroup.com.

Corporate Profile of SMBCE

Business Commercial Banking
Establishment date 3 March 2003
Chief executive officer Keiichiro Nakamura
Capital stock US$ 3.2bn
Ownership 100% Sumitomo Mitsui Banking Corporation
(UK incorporated subsidiary of SMBC)
Head office 99 Queen Victoria Street, London, EC4V 4EH, United Kingdom.
Number of employees 1,106
Auditor KPMG LLP
Network Head office in London and a branch in Paris.
Income (SMBCE) for fiscal year 2018-19 Net interest income US$ 291.5m
Operating income US$ 830.8m
Profit before income tax US$ 388.3m
Regulator Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Information correct as of 12 May 2020.

Credit Rating

SMBCE Moody's S&P Fitch
Long term A1 A A
Short term P-1 A-1 F1

Ratings correct as of 31 March 2020.