Sumitomo Mitsui Banking Corp - Company Profile
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Sumitomo Mitsui Banking Corp (SMBC) is a provider of retail and corporate banking and other financial solutions. Capital adequacy, deposits and return on equity are a few of its key strengths, even as its geographical concentration could be a cause of concern. Growing market for payment channels in Japan, strategic initiatives, and the emergence of FinTech may offer ample growth opportunities to SMBC. However, competition, risks related to online identity theft and hacking, and the emergence of neo-banks may affect the growth of the company.
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