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.