Japan's SMFG mulls acquisition of Asian banks to tap growing market

Japan's SMFG mulls acquisition of Asian banks to tap growing market

Photo by Erik Eastman on Unsplash

Sumitomo Mitsui Financial Group (SMFG) wants to acquire Asian commercial banks, utilising some of the up to $12 billion in surplus capital that Japan’s third-largest lender expects to build up over the next five years, its chief executive said.

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