History

The history of SMBC’S predecessor banks stretches back over 140 years.

July 1876 Mitsui Bank is established as a private bank.(Capital stock: ¥ 2 million)
June 1893 Mitsui Bank reorganizes itself as an unlimited partnership.
November 1895 Sumitomo Bank is established as a private enterprise.
November 1909 Mitsui Bank reorganizes into a limited company.(Capital stock: ¥ 20 million)
March 1912 Sumitomo Bank reorganizes into a limited company.(Capital stock: ¥ 15 million)
December 1936 The seven major banks of Hyogo Prefecture are merged into Kobe Bank.
December 1940 Dai Nihon Mujin is established.
April 1943 Mitsui Bank merges with Dai-Ichi Bank to form Teikoku Bank.
August 1944 Teikoku Bank merges with Jugo Bank.
July 1945 Sumitomo Bank merges with Hannan and Ikeda Jitsugyo Banks.
Kobe Bank begins trust business.
April 1948 Dai Nihon Mujin is renamed Nihon Mujin.
October 1948 Teikoku Bank is re-established by Dai-Ichi Bank's separation.
Sumitomo Bank is renamed Osaka Bank.
May 1949 Teikoku Bank's shares become listed on the Tokyo and Osaka stock exchanges.
Osaka Bank's shares become listed on the Tokyo and Osaka stock exchanges.
(Listed on Sapporo Securities Exchange in April 1950 and Nagoya Stock Exchange in March 1989 thereafter)
October 1951 Nihon Mujin is renamed Nihon Sogo Bank.
December 1952 Osaka Bank's name is restored to Sumitomo Bank.
January 1954 Teikoku Bank's name is restored to Mitsui Bank.
April 1960 Kobe Bank's trust division is transferred to Toyo Trust and Banking.
April 1965 Sumitomo Bank merges with Kawachi Bank.
April 1968 Mitsui Bank merges with Toto Bank.
December 1968 Nihon Sogo Bank converts to an ordinary bank and is renamed Taiyo Bank.
October 1973 Kobe Bank and Taiyo Bank merge to form Taiyo Kobe Bank.
October 1986 Sumitomo Bank merges with Heiwa Sogo Bank.
January 1989 Sumitomo Bank's shares become listed on London Stock Exchange.
April 1990 Mitsui Bank and Taiyo Kobe Bank merge to form Mitsui Taiyo Kobe Bank.
April 1992 Mitsui Taiyo Kobe Bank is renamed Sakura Bank.
June 1996 THE WAKASHIO BANK ,LTD.("Wakashio Bank") is established, and starts operation in September.
April 2001 Sakura Bank and Sumitomo Bank merge to form Sumitomo Mitsui Banking Corporation.(Capital stock: ¥ 1,276,7 billion)
December 2002 Sumitomo Mitsui Banking Corporation (SMBC) establishes a holding company named Sumitomo Mitsui Financial Group, Inc.(SMFG) through a share transfer, and SMBC then becomes a wholly-owned subsidiary of SMFG.
March 2003 SMBC merges with Wakashio Bank(merged bank's name: Sumitomo Mitsui Banking Corporation)
October 2009 Nikko Cordial Securities Inc.(current SMBC Nikko Securities Inc.) becomes a wholly-owned subsidiary of SMBC.