Choose a country
Philippines
Select a city
Select a city
Additional Information
English (PH)
Select country
Choose a country
Philippines
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Banks
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

SMBC

Advertiser Disclosure

About bank

Sumitomo Mitsui Banking Corporation is a leading global financial institution founded in Japan.The bank offers personal, corporate, and investment services in 40 countries worldwide.

Sumitomo Mitsui Banking Corporation (SMBC) was founded in 1975 in Japan. It is a member of the Sumitomo Mitsui Financial Group which offers financial services globally. The bank has its headquarters in Tokyo, Japan, and has branches in 40 countries worldwide. Most of the branches are in Asia (16 branches). SMBC is the first foreign financial institution to open a branch in the Philippines in 2015, although they had a branch office in the country since 1975. The company offers financial services to businesses around the globe and has a strong foundation in Asia.

Pros and cons

Before you start using the bank’s products and services, it is important to consider all its advantages and disadvantages.

Pros

  • Their advanced network offers innovative financial solutions across borders to help businesses.
  • They have a comprehensive cash management model with low and high-value clearing systems, which enables the bank to settle statutory and tax payments.

Cons

  • Most of their services are centered in Asia and are not easily accessible in some regions.
  • Customer care might take long to respond, which might be inconveniencing in case you have an urgent concern.

Products

SMBC offers the following products and services.

  • Loan syndication. SMBC offers seamless syndication for loans with focus on relationships. Businesses and corporates can access innovative financing solutions from the SMBC group for the smooth running of business activities.
  • Project and export finance.Financing a project can be cumbersome for a business. The SMBC group has expert teams in different projects that help their clients access finances to fund their projects. The team's extensive knowledge in project finance is proven through the awards in leading global finance companies and advisors.
  • Sustainable finance. SMBC bank offers financial solutions to projects that promote environmental conservation including renewable energy-related projects, sustainable real estate, green sustainability bonds, and loans to finance green projects. This product is offered mainly for projects that conserve the environment.
  • Transaction banking. The bank provides comprehensive cash management solutions to its clients in the Asia Pacific region. This ensures the businesses never lack working capital for their needs.
  • Structured trade finance. Businesses in the financial and commodity market can access financial aid from SMBC. The company’s trade finance experts will offer customized solutions to your business to help you achieve your liquidity needs and minimize the risk.
  • Yen clearing.SMBC helps financial institutions with Yen clearing services. Being a member of all clearing systems in Japan has helped the bank to execute clearance efficiently and fast on behalf of their clients.
  • Custody and securities service.Through the bank of Japan, SMBC offers custody, clearing and settlement, and collateral management services to investors.
  • Treasury solutions. SMBC has a strong credit rating, commendable lending relationship, and extensive local presence in Asia. This has enabled it to offer treasury solutions to businesses within Asia with valuable market insights and risk management solutions to their clients.
  • M&A and sponsor finance. The bank offers loans for mergers and acquisitions to support customers during events. The bank also offers expert advice on how to track the expenses in M&A from the start to the end.
  • Maritime asset, shipping, and aviation finance. SMBC offers bespoke financial solutions to the maritime industry globally. The maritime finance experts from the SNBG group help maritime industries to arrange, structure, and coordinate services with limited recourse debt, export credits, and complex financial projects.
  • Real estate finance. SMBC offers extensive financial solutions to real estate developers in more than 29 cities across Asia. Their financial solutions cover limited recourse and corporate finance, investment properties, greenfields and development projects, and diverse property. Business people owning retail malls, the hospitality industry, business parks, and student accommodation are some of the benefactors of real estate financing.
  • Islamic finance. SMBC has a team of experts that deal with Islamic finances across Asia. The team optimizes the use of Shariah-compliant financial solutions in corporate finance, asset finance, project finance, and financial institutions. The team is based in Malaysia and offers Islamic financing through the International Currency Business Unit (ICBU). The industries financed include telecommunication, manufacturing, real estate, and the public sector. The bank enhances structural and credit products in the Islamic sector.
  • Securitization and structured debt financing. SMBC bank offers local and cross-border financing to their customers. The products offered include credit cards, auto loans, airline tickets, trade receivables, equipment leases, consumer finance, and mortgages.
  • Gateway to Japan. Investors willing to invest in Japan can benefit from the “Gateway to Japan,” where the bank provides a one-stop service center for all the investment activities. The bank offers expert services in M&A, business merging, and government incentives. They also offer to finance Japanese-based real estate investment under this product, including non-recourse loans.

FAQ

What is Sumitomo Mitsui Banking Corporation?

SMBC is a global financial company that offers financial solutions to small businesses, corporates, and financial institutions. The bank was founded in 2001 after a merger between Mitsui and Sumitomo banks in Tokyo, Japan, but has branches in 40 countries globally, most of them being in Asia. 

Who owns Sumitomo Mitsui Banking Corporation?

SMBC is owned by the Sumimoto Mitsui Financial Group, a financial company based in Japan.

What is the maximum Sumitomo Mitsui Banking Corporation amount you can get?

The bank offers solutions in real estate and financing businesses in diverse fields from industries, transport, and marine. The amount you get will depend on your business needs.

What is the average approval time for a Sumitomo Mitsui Banking Corporation loan?

The loan gets approved within five business days after submitting your application.

How do you qualify for a Sumitomo Mitsui Banking Corporation loan?

Applicants of the SMBC loans should be 18+ years old and show proof of business ownership by submitting relevant documents.

How much interest does Sumitomo Mitsui Banking Corporation loan attract?

The interest charged on a loan depends on the type of loan. The interest ranges from 1.08% to 2.63% per annum.

Is Sumitomo Mitsui Banking Corporation a legitimate company?

Yes, SMBC is a legitimate company registered by SEC and governed by the Sumitomo Mitsui Finance Group.

Financial products

SMBC
Loan syndication
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000

Similar products

OFBank
Small business loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rural Bank of Angeles
Commercial loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rural Bank of Angeles
Microfinance Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to ₱300,000
Rate
i

Effective interest rate on the product

up to 54% per annum
Rural Bank of Angeles
Agricultural loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

26.82% per annum
1st Valley Bank
Supervised credit (SUCRE)
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All SMBC’s reviews by december 2022
Leave feedback

Similar companies

OFBank
Liwasang Bonifacio 1000 Manila
(+632) 8-405-7000
Rural Bank of Angeles
Corner Miranda Street Sto. Entierro Street Barangay Sto. Rosario Angeles City, Pampanga
+639189679452
1st Valley Bank
1VB Business Center, Vamenta Blvd. Cor. Lirio St. Carmen, Cagayan De Oro City, Misamis Oriental, Philippines 9000
0917 820 8542
MSCB
IDC Centre, Kalayaan Avenue, Cor. Zapote St.,Brgy. Sta. Cruz Makati City
897-9046 local 202 to 203
WealthBank
Taft Financial Center, Cardinal Rosales Ave, Cebu City, 6000 Cebu
091732-WBANK (92265)