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.
Sumitomo Mitsui Banking Corporation has Category B banking license number 100091 issued by the Cayman Islands Monetary Authority. This type of license allows Sumitomo Mitsui Banking Corporation 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 Sumitomo Mitsui Banking Corporation failure its depositors will not get any compensation.
| Deposit Guarantee |
|---|
| No |
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Sumitomo Mitsui Banking Corporation failure its depositors will not be paid out any compensation.
Sumitomo Mitsui Banking Corporation operates under the brand of the same name (Sumitomo Mitsui Banking Corporation) which has presence in the following European countries and selected dependent territories of the European countries:
Banco Sumitomo Mitsui Brasileiro S.A. (Grand Cayman) (this bank) Sumitomo Mitsui Banking Corporation (Grand Cayman)
