Sumitomo Mitsui Financial Group Inc (8316.T)
17 Jul 2019
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.