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Banco Sumitomo Mitsui Brasileiro S.A. (“BSMB”), subsidiary of Sumitomo Mitsui Banking Corporation (“SMBC”), is duly organized under the laws of Brazil with commercial bank portfolio, and initiated its activities as a multiple bank, adding to its activities the investment portfolio since 1989.
The Bank was incorporated in the 50’s decade, under the name of Casa Bancária Brazcot Ltda.
The former Sumitomo Bank, Limited (“SBL”) acquired 60% of the Bank shareholding control, time at which the Bank became the SBL's second overseas subsidiary, changing its denomination to "Banco Sumitomo Brasileiro S.A.".
Finally, from April 1st, 2001, at the same time that the newly formed Sumitomo Mitsui Banking Corporation (“SMBC”) initiated its activities, as a result of the merger between the Sakura Bank, Limited and Sumitomo Bank, Limited, the Brazilian subsidiary initiated activities with new name, Banco Sumitomo Mitsui Brasileiro S.A.
From economical and operational side, the recent period has resulted in a complete emphasis put in place towards wholesale banking with Banco Sumitomo Mitsui Brasileiro S.A. assisting its customers in a number of areas of expertise such as trade finance, commercial lending, structured finance and financial advisory, by targeting especially Japanese business affiliates as well as foreign companies, Brazilian public and private corporations.
Banco Sumitomo Mitsui Brasileiro S.A.
Avenida Paulista, 37 11th floor
zip code: 01311-902
Telephone: +55-11-3178-8000
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