Sumitomo Mitsui to play bigger banking role

As a foreign bank with a strong capital base, SMBC Malaysia was able to meet the financing needs of not only Japanese clients but also Malaysian corporates amid tough market conditions, President and chief executive officer Yoshimi Gunji told StarBiz

KUALA LUMPUR: With a share capital of about RM1.58bil, the highest among foreign banks operating in Malaysia, Sumitomo Mitsui Banking Corp Malaysia Bhd (SMBC Malaysia) is in a comfortable position to provide bigger loans to Malaysian corporates as the bank strategises its business.

President and chief executive officer Yoshimi Gunji said the bank would focus on conventional and Islamic banking businesses to further make its presence felt in the Malaysian market.