Sumitomo Mitsui Banking Corporation

 

 

Raise of Short-term Prime Rate

 

 

TOKYO, July 28, 2006 --- Sumitomo Mitsui Banking Corporation (SMBC, President Masayuki Oku) hereby announces that it has decided to raise short-term prime rate on Monday, August 21, 2006.

 

 

1.         New level of short-term prime rate

 

1.625% per annum (former rate: 1.375% per annum)

 

2.         Date of raise

 

Monday, August 21, 2006

 

3.         Application

 

The new rate will be applied for loans newly originated on and after August 21, 2006 .  For existing loans, the new rate will be applied on the first interest payment date after the August 21, 2006 .