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KUALA LUMPUR: Sumitomo Mitsui Banking Corp Malaysia Bhd (SMBC Malaysia) has appointed Datuk Wan Mohd Fadzmi Che Wan Othman Fadzilah as its chairman.
PETALING JAYA: Banks are intensifying investments in technology infrastructure to brace for risks and disruptions from rising global cyber threats and security concerns.
PETALING JAYA: Sumitomo Mitsui Banking Corp Malaysia Bhd (SMBC Malaysia) does not expect the new accounting standard MFRS 9 to impact its earnings amid forecasts by analysts that banks could incur higher provisions that could dampen earnings.
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.
KUALA LUMPUR: Sumitomo Mitsui Banking Corp Malaysia Bhd, a wholly-owned subsidiary of Sumitomo Mitsui Banking Corp (SMBC), will commence business operations on April 11. #8220;We consider Malaysia, one of the most important financial markets for our business, as its economy continues to grow and further expand,#8221; SMBC said in a statement yesterday.