GTLP SMBC II (IFC-42104)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 28, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
SUMITOMO MITSUI BANKING CORPORATION
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 11, 2019

Disclosed by Bank Feb 25, 2019


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Project Description

The project falls is under the Global Trade Liquidity Program (“GTLP”), a finance program launched by the IFC in 2009. GTLP provides liquidity or guarantees to global or regional banks with large financial institution networks. 

Investment Description
  • International Finance Corporation (IFC)
Private Actors

According to the IFC website:

SMBC was established in April 2001 by the merger of the two leading Japanese banks: The Sakura Bank, Limited and The Sumitomo Bank, Limited.  SMBC is a wholly owned subsidiary (and the core unit) of the Sumitomo Mitsui Financial Group, a financial conglomerate including other financial services such as deposit taking, lending, securities retail sales and trading, securities investment, fund transfers, foreign exchange, insourcing of financial futures transactions, corporate bond trustee and custody services, trust bank business, investment trust sales, securities intermediary business, retail sales of insurance products, and other credit related businesses.

SMBC is one of Japan’s leading banks with an extensive network domestically and growing international presence. The Bank has 442 branches/offices in Japan (excluding sub branches and agencies), 19 overseas branches (excluding sub branches and representative offices) globally, and over 29,000 employees.

Contact Information

Sumitomo Mitsui Banking Corporation 
Philip Janoff 
Vice President - Export & Agency Finance 
+1 646 231 7583 
Philip_Janoff@smbcgroup.com 
277 Park Avenue, New York, NY 10172, USA 
smbcgroup.com

 

 





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