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[NEWS RELEASE]
June 29, 2020
Sumitomo Mitsui Financial Group, Inc.
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation Europe Limited Re-registration as PLC and name change
TOKYO, June 29, 2020 — Sumitomo Mitsui Financial Group, Inc. (President and Group CEO: Jun Ohta) and Sumitomo Mitsui Banking Corporation (“SMBC”, President and CEO: Makoto Takashima) are pleased to announce that, as part of the reconfiguration of our business operations in Europe in connection with the UK’s withdrawal from the EU, a resolution has been adopted in the evening of 26th June (JST) for consolidated subsidiary Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE, “the Bank”, CEO: Keiichiro Nakamura) to re-register as an English public limited company, and at the same time change its name, as detailed below.
As a result of the re-registration, the Bank will be able to diversify SMBC Group’s funding sources. The Bank will continue to offer reliable banking services as a hub for the Europe, Middle East and Africa region, in close coordination with SMBC Bank EU AG (SMBC’s wholly owned subsidiary incorporated in Germany).
(1) Full legal name: Sumitomo Mitsui Banking Corporation Europe Limited
(2) Chief Executive Officer: Keiichiro Nakamura
(3) Head office: 99 Queen Victoria Street, London, EC4V 4EH, United Kingdom
(4) Type of business: Financial services
(5) Capital stock: USD3.2bn
(6) Type of company: Private Limited Company (Ltd)
2. | Type of Company Following Re-registration |
Public Limited Company (plc)
SMBC Bank International plc
4. | Date of Re-registration and Name Change |
On or around 5 October 2020 (subject to completion of all required procedures)
End.