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.
Ring Fence
  • No Restrictions
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific lending purpose. A "ring fence" is another name for this specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
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 Aug 10, 2021

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
Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actor Relationship

There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).

The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.

The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.

Private Actors Description

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.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
3i Group PLC Parent Company Construction owns Aspen Pumps Ltd Client Construction
ACS Parent Company Construction owns Hochtief AG Client Construction
Akira Holding Foundation Parent Company Agriculture and Forestry owns Louis Dreyfus Co Asia Pte Ltd Client Agriculture and Forestry
Akira Holding Foundation Parent Company Agriculture and Forestry owns Louis Dreyfus Co Brasil SA Client Agriculture and Forestry
Altus Capital Partners LLC Parent Company Agriculture and Forestry owns Intl Imaging Materials Inc Client Agriculture and Forestry
American Securities LLC Parent Company Construction owns Blount International Inc Client Construction
Amkor Technology Inc Parent Company Communications owns Amkor Technology Japan KK Client Communications
Amkor Technology Inc Parent Company Communications owns J-Devices Corp Client Communications
Arbor Private Investment Co LP Parent Company Agriculture and Forestry owns Dunn Paper Inc Client Agriculture and Forestry
ASM International NV Parent Company Construction owns ASM Pacific Technology Ltd Client Construction
Aso Corp Parent Company Construction owns Nittoc Constr Co Ltd Client Construction
Bain Capital LP Parent Company Communications owns Toshiba Memory Corp Client Communications
Baring Private Equity Partners Parent Company Construction owns Interplex Holdings Ltd Client Construction
Brightstar Capital Partners LP Parent Company Construction owns QualTek USA LLC Client Construction
Broadcom Inc Parent Company Communications owns Broadcom Corp Client Communications
Brother Industries Ltd Parent Company Construction owns Nissei Corp Client Construction
BSA International SA Parent Company Agriculture and Forestry owns Groupe Lactalis SA Client Agriculture and Forestry
BSA SAS Parent Company Agriculture and Forestry owns Groupe Lactalis SA Client Agriculture and Forestry
Bunge Ltd Parent Company Agriculture and Forestry owns Bunge Finance Europe Client Agriculture and Forestry
CDRSVM Acquisition Co Inc Parent Company Construction owns TruGreen Chemlawn Client Construction
Charterhouse Capital Partners Parent Company Communications owns Sagemcom Broadband SAS Client Communications
China Huarong Asset Mgmt Co Parent Company Construction owns Huarong Invest Stock Corp Ltd Client Construction
China Jushi Co Ltd Parent Company Construction owns Jushi Egypt For Fiberglass Client Construction
CHUBU Electric Power Co Inc Parent Company Construction owns Toenec Corp Client Construction
COFCO Corp Parent Company Agriculture and Forestry owns COFCO (Hong Kong) Ltd Client Agriculture and Forestry
COFCO Corp Parent Company Agriculture and Forestry owns Cofco Agri Ltd Client Agriculture and Forestry
Cognitive Capital Partners LLC Parent Company Construction owns Tooling Technology LLC Client Construction
Daiwa House Industry Co Ltd Parent Company Construction owns Stanley Martin Communities LLC Client Construction
Deutsche Beteiligungs AG Parent Company Construction owns Coperion Capital GmbH Client Construction
Fair Friend Enterprise Co Ltd Parent Company Construction owns Niigata Machine Techno Co Ltd Client Construction
Fidelity National Finl Inc Parent Company Communications owns Black Knight Financial Svcs Client Communications
First Pacific Co Ltd Parent Company Agriculture and Forestry owns PT Indofood Sukses Makmur Tbk Client Agriculture and Forestry
FKS Group Parent Company Agriculture and Forestry owns FKS Food & Agro Pte Ltd Client Agriculture and Forestry
Gardner Denver Holdings Inc Parent Company Construction owns Gardner Denver Inc Client Construction
Grupo Argos SA Parent Company Construction owns Argos N America Corp Client Construction
Hamadacom Co Ltd Parent Company Construction owns Nagaoka International Corp Client Construction
Hikari Tsushin Inc Parent Company Agriculture and Forestry owns Premium Water Holdings Inc Client Agriculture and Forestry
Hitachi Ltd Parent Company Communications owns Clarion Co Ltd Client Communications
Hitachi Ltd Parent Company Construction owns Hitachi Construction Machinery Client Construction
Honeywell International Inc Parent Company Construction owns Honeywell Intl Inc-Homes & Client Construction
IK Investment Partners Ltd Parent Company Agriculture and Forestry owns Mademoiselle Desserts Client Agriculture and Forestry
Imperial Brands PLC Parent Company Agriculture and Forestry owns Imperial Brands Finance PLC Client Agriculture and Forestry
Infrared Capital Partners Ltd Parent Company Construction owns HS1 (High-Speed Rail) Asts Client Construction
Ingersoll-Rand PLC Parent Company Construction owns Ingersoll-Rand Glbl Hldgs Co Client Construction
Investcorp Bank BSC Parent Company Construction owns Wrench Group LLC Client Construction
ITOCHU Corp Parent Company Agriculture and Forestry owns Nishino Co Ltd Client Agriculture and Forestry
J Will Partners KK Parent Company Construction owns Kawahara Client Construction
Janus Henderson Group PLC Parent Company Construction owns John Laing PLC Client Construction
Japan Tobacco Inc Parent Company Agriculture and Forestry owns Japan Tobacco International SA Client Agriculture and Forestry
Jardine Matheson Holdings Ltd Parent Company Agriculture and Forestry owns Astra Agro Lestari Tbk PT Client Agriculture and Forestry
Jardine Matheson Holdings Ltd Parent Company Construction owns United Tractors Tbk PT Client Construction
Kingboard Chem Hldg Ltd (Now Parent Company Agriculture and Forestry owns Kingboard Laminates Hldg Ltd Client Agriculture and Forestry
KKR & Co Inc Parent Company Communications owns Calisen PLC Client Communications
KKR & Co LP Parent Company Communications owns Pioneer DJ Corp Client Communications
Kobe Steel Ltd Parent Company Construction owns Chengdu Kobelco Cons Finl Ltd Client Construction
Kobe Steel Ltd Parent Company Construction owns Chengdu Kobelco Constr Group Client Construction
Komatsu Ltd Parent Company Construction owns Komatsu Finance America Inc Client Construction
Long Point Capital Parent Company Construction owns Cha Consulting Inc Client Construction
Lotte Holdings Co Ltd Parent Company Agriculture and Forestry owns Ginza Cozy Corner Co Ltd Client Agriculture and Forestry
Lotte Holdings Co Ltd Parent Company Agriculture and Forestry owns Lotte Co Ltd Client Agriculture and Forestry
Macquarie Grp Ltd Parent Company Construction owns Blankenburg Tunnel PPP Client Construction
Malakoff Corp Bhd Parent Company Construction owns Malakoff International Ltd Client Construction
Maple Holdings BV Parent Company Agriculture and Forestry owns Keurig Dr Pepper Inc Client Agriculture and Forestry
Marubeni Corp Parent Company Agriculture and Forestry owns Helena Chemical Client Agriculture and Forestry
Ministry of Finance Singapore Parent Company Agriculture and Forestry owns Olam International Ltd Client Agriculture and Forestry
MSD Investments Ltd Parent Company Communications owns Nippon Denkai Ltd Client Communications
Nan Ya Plastics Corp Parent Company Communications owns Nan Ya Electn Materials Client Communications
NEC Corp Parent Company Communications owns Japan Aviation Electronics Ind Client Communications
Nichiha Corp Parent Company Construction owns Chuo KK Client Construction
Nippon Sheet Glass Co Ltd Parent Company Construction owns NSG UK Enterprises Ltd Client Construction
Nisshinbo Holdings Inc Parent Company Communications owns New Japan Radio Co Ltd Client Communications
Nissin Foods Holdings Co Ltd Parent Company Agriculture and Forestry owns Nicky Foods Co Ltd Client Agriculture and Forestry
OEP Parent LLC Parent Company Construction owns Resolute Industrial LLC Client Construction
Okabe Co Ltd Parent Company Construction owns Kawahara Client Construction
Oriental Consultants Hldg Co Parent Company Construction owns Oriental Consultants Co Ltd Client Construction
ORIX Corp Parent Company Construction owns Hoffman Southwest Corp Client Construction
Pangda Automobile Trade Co Ltd Parent Company Agriculture and Forestry owns Beijing Pangda Qinghong Lexus Client Agriculture and Forestry
Permira Holdings Ltd Parent Company Communications owns P&I Personal & Informatik AG Client Communications
RWE AG Parent Company Construction owns Triton Knoll Offshore Wind Client Construction
Sanei Architecture Planning Parent Company Construction owns Seed Heiwa Co Ltd Client Construction
Seiko Holdings Corp Parent Company Communications owns SII Semiconductor Corp Client Communications
SKY Group Holdings Parent Company Agriculture and Forestry owns Kakuyasu Co Ltd Client Agriculture and Forestry
SKY Group Holdings Parent Company Agriculture and Forestry owns Kakuyasu Group Co Ltd Client Agriculture and Forestry
Sterling Capital Ltd Parent Company Construction owns Hoffman Southwest Corp Client Construction
Suzano Papel e Celulose SA Parent Company Agriculture and Forestry owns Suzano Pulp & Paper Europe SA Client Agriculture and Forestry
Takanashi Milk Products Co Ltd Parent Company Agriculture and Forestry owns Takanashi Dairy Co Ltd Client Agriculture and Forestry
Thai Beverage PCL Parent Company Construction owns Frasers Ppty Australia Pty Client Construction
TIAA Parent Company Construction owns John Laing PLC Client Construction
Top Frontier Holdings Inc Parent Company Agriculture and Forestry owns San Miguel Corp Client Agriculture and Forestry
Tower Semiconductor Ltd Parent Company Communications owns Towerjazz Panasonic Client Communications
USI Enterprise Ltd Parent Company Communications owns Universal Global Tech Co Ltd Client Communications
Votorantim SA Parent Company Construction owns Votorantim Cimentos SA Client Construction
Woodbridge Co Ltd Parent Company Communications owns Refinitiv Client Communications
Xinyi Glass Holdings Ltd Parent Company Construction owns Xinyi Group (Glass) Co Client Construction
Yamada Consulting Group Co Ltd Parent Company Agriculture and Forestry owns Vox Trading Co Ltd Client Agriculture and Forestry
Yamazaki Baking Co Ltd Parent Company Agriculture and Forestry owns Fujiya Co Ltd Client Agriculture and Forestry
Yinson Holdings Bhd Parent Company Construction owns Yinson Prodn (W Africa) Pte Client Construction
Yoshimoto Parent Company Communications owns Unipulse Corp Client Communications
YTL Corp Bhd Parent Company Construction owns YTL Cement Bhd Client Construction
Zuivelcooperatie Parent Company Agriculture and Forestry owns FrieslandCampina Investments Client Agriculture and Forestry

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

 

 





ACCOUNTABILITY MECHANISM OF IFC

 

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/