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 place for Sumitomo Mitsui Banking Corporation. It means that in the event of Sumitomo Mitsui Banking Corporation failure its depositors will not receive any compensation or coverage.
Sumitomo Mitsui Banking Corporation is authorized and supervised by the Cayman Islands Monetary Authority.