There have been few more active banks worldwide in the past 12 months than Japan’s Sumitomo Mitsui Banking Corporation (SMBC).
Over the course of 2021, it has announced investments in Vietnam, the Philippines and – a real landmark – India, while striking a potentially transformative deal with Jefferies and positioning itself in global blockchain initiatives.
“We do not expect any additional investment at this point,” says Jun Ohta, president and chief executive of Sumitomo Mitsui Financial Group (SMFG), the holding company within which SMBC resides.
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