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Raise of Short-term Prime Rate(1/1)
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
3.
Application
The new rate will be applied for
loans newly originated on and after