Sustained and reliable banking services without disruption

In response to the withdrawal of the United Kingdom from the European Union, SMBC Group has taken steps to ensure that it can continue to offer its clients in the European Economic Area (EEA) sustained and reliable banking services without disruption.

As announced on 15 November 2018, SMBC has been granted approval by the European Central Bank to establish a banking subsidiary in Frankfurt, Germany. SMBC Nikko Securities Inc announced on 22 October 2018 that it has been granted approval by the Bundesanstalt für Finanzdienstleistungsaufsicht (German Federal Financial Supervisory Authority) (BaFin) to establish a securities subsidiary in Frankfurt, Germany. The banking and securities subsidiaries are now registered as SMBC Bank EU AG and SMBC Nikko Capital Markets Europe GmbH respectively and both entities started serving customers from March 2019.

SMBC BI (formally SMBCE) continues to serve customers in the United Kingdom and in non-EEA countries across Europe, the Middle East and Africa and will continue to do so following the United Kingdom's departure from the European Union. If you have any queries please contact our Brexit team at brexit@gb.smbcgroup.com.

PDF Ready for Brexit