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Sumitomo Mitsui Banking Corporation and RHB Bank Berhad Sign Memorandum of Understanding (1/1)
December 15, 2010
Sumitomo Mitsui Banking
Corporation
Sumitomo Mitsui Banking
Corporation and RHB Bank Berhad
Sign Memorandum of Understanding
This MOU
reaffirms the commitment between SMBC and RHB and further strengthens the
long-standing relationship built through the strategic alliance spanning over
30 years, and opens areas of opportunities for SMBCfs new commercial banking
subsidiary presence in the first half of fiscal year 2011, including cash
management services, trade finance, corporate banking, and development of new
domestic and cross border businesses in investment banking areas such as debt capital market, environmental
business, islamic Finance
and structured finance.
This MOU is another
step in SMBCfs ongoing efforts to deliver full-line value-added products and services
to customers in
Profile of RHB
Bank Berhad
Established: 4th
Oct 1965 (Development and Commercial Bank D&C)
1st
July 1997 (Official Name Change to RHB Bank)
Head Office: Level
10, Tower 1, RHB Centre, Jalan Tun Razak
50400 Kuala Lumpur, Malaysia
Chairman: Tan
Sri Azlan Zainol
Managing
Director: Datof
Tajuddin Atan
Total Assets: RM
106,096 million (as of December 2009)