trending Market Intelligence /marketintelligence/en/news-insights/trending/hJsP5czrwstwfWXqS3fI_A2 content esgSubNav
In This List

Sumitomo Mitsui Financial eyes expansion in Indonesia

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Sumitomo Mitsui Financial eyes expansion in Indonesia

Japan's Sumitomo Mitsui Financial Group Inc. is looking to offer securities, credit card and consumer finance services in Indonesia as part of its plan to create a financial conglomerate in the country, Bloomberg News reported Dec. 5, citing Jun Ohta, the lender's president.

The group is targeting fast-growing Asian markets as its second home through offering banking services to both retail and corporate clients as low interest rates and weak business prospects continue in Japan.

Further, Ohta said the group is looking at the Philippines, Vietnam and India to expand its footprint.