Sumitomo Mitsui Financial Group Inc (8316.T)
Tue, Jul 30 2019
* First-quarter net profit Y216 bln vs Y227 bln a year earlier
TOKYO, July 30 Sumitomo Mitsui Financial Group Inc (SMFG) on Tuesday reported a 5% decline in first-quarter net profit, saying its retail business was hit by adverse market conditions.
TOKYO Sumitomo Mitsui Financial Group (SMFG) aims to expand its business in Asia and is looking at the Philippines, India and Myanmar for possible future investment, the CEO of Japan's second-largest bank by assets said.
* Looks at Asian countries with growing economy and population
* New offering to Japanese clients scheduled to be available at end of 2019
TOKYO, May 15 Sumitomo Mitsui Financial Group Inc (SMFG) on Wednesday posted a 1% decline in net profit for the year through March, and flagged a further decrease this year reflecting the chronic battle for Japanese banks as face ultra-loose monetary policy.