Sumitomo Mitsui Banking Corporation and The Export-Import Bank of Korea Sign Memorandum of Understanding on Structured Finance Cooperation(1/1)
July 16, 2010
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation and
The Export-Import Bank of Korea SignMemorandum of Understanding on Structured
Finance Cooperation
TOKYO,
July 16, 2010---Sumitomo Mitsui Banking Corporation (SMBC, President: Masayuki
Oku) signed today a memorandum of understanding (MOU) with The Export-Import
Bank of Korea (KEXIM) aiming to strengthen mutual ties in the field of
structured finance such as project finance and ship finance.
KEXIM, as an export credit agency owned by the
Korean government, is a public financial institution specialized in providing
comprehensive export credit, guarantee programs, and market research to support
Korean enterprises in conducting overseas business and foreign investment.
This MOU
aims to allow SMBC to provide enhanced financial services to its clients by
cooperating with KEXIM in lending to projects such as energy and natural
resources development projects outside of
(Reference;
Profile of The Export-Import Bank of
Name:
The
Export-Import Bank of
Establishment: 1976
Head
Office:
(Address: 16-1, Yeouido-dong,
Yeongdeungpo-gu,
President: Mr.
Dongsoo Kim,
Chairman and President
Shareholders:
Republic of
Korea (66.7％), Bank of Korea (Central Bank) (29.4％)
Total
Assets: KRW
42,028 billion (USD 35,995 million) (as of December 31, 2009)
Ratings:
Moody’s: A1 (Long Term), S&P: A
(Long Term), Fitch: A+ (Long Term)
