Banco Sumitomo Mitsui Brasileiro S.A. and Investe São Paulo Sign Memorandum of Understanding(1/1)
January 8, 2015
Sumitomo Mitsui Banking Corporation
Banco Sumitomo Mitsui Brasileiro S.A. and Investe São Paulo Sign
Memorandum of Understanding
TOKYO, January 8, 2015 --- Sumitomo Mitsui Banking Corporation (SMBC, President: Takeshi Kunibe) is pleased to announce that its subsidiary Banco Sumitomo Mitsui Brasileiro S.A. in the Federative Republic of Brazil has signed a Memorandum of Understanding (MOU) with Investe São Paulo to enhance its business in Brazil.
Investe São Paulo is a non-profit investment promotion agency established by the State Government of São Paulo in 2008. It provides a wide range of services and information to facilitate investment into the State of São Paulo.
The State of São Paulo has a population of 42 million, accounting for 21% of the Brazilian population, and constitutes 33% of the GDP. It is not only the largest consumer market, but also the center of various industries, where a large number of Japanese and other foreign companies maintain operations.
Under this MOU, we will collaborate with Investe São Paulo to provide enhanced services and information to clients planning to operate in the State of São Paulo and those seeking to build partnerships with Brazilian companies.
(Overview of Investe São Paulo)
Name : Investe São Paulo
Established : August 2008
Location : Rua Bela Cintra, 847, 6º andar, Consolação, São Paulo – SP, Brasil
Ownership : Wholly owned by the Government of the State of São Paulo