Established in 2001 Sumitomo Mitsui Banking Corporation (SMBC) is a member Japanese financial group Sumitomo Mitsui Financial Group. SMBC is a universal bank offering a broad spectrum of retail, corporate and investment banking products and services.
Banco Sumitomo Mitsui Brasileiro S.A. has Category B banking license number 633150 issued by the Cayman Islands Monetary Authority. This type of license allows Banco Sumitomo Mitsui Brasileiro S.A. to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Banco Sumitomo Mitsui Brasileiro S.A. failure its depositors will not get any compensation.
Banco Sumitomo Mitsui Brasileiro S.A. is authorized and supervised by the Cayman Islands Monetary Authority.