Business Cooperation Agreement with Absa Bank Limited(1/1)
Sumitomo Mitsui Banking Corporation
Business Cooperation Agreement with Absa Bank Limited
entered into a Business Cooperation Agreement with Absa on 10th May
2010 to support its Japanese clients through the provision of banking services
The leading nations in the Sub-Saharan Africa region have demonstrated robust growth in recent years, and provided many business opportunities in the market through strong infrastructure development initiatives.
This trend of increasing business is expected to continue and grow.
As one of the largest banks operating in the Sub-Saharan Africa region, Absa has a substantial office network in the region. The enhanced business alliance with Absa will enable SMBC to proactively support its clients by leveraging our considerable experience and expertise in providing a broad range of financial products and solutions.
Profile of Absa Bank Limited
Registered Address: 7th
Total Assets: ZAR 764.5 billion ias of December 2012j
Capital Ratio: 17.5%ias of December 2012j
Barclaysf equity stake:@ 55.5