2. Multi-Franchise Strategy

ブックメーカー予想サイト emerging-market economies, especially those in Asia, recovered from ブックメーカー予想サイト global financial crisis earlier than ブックメーカー予想サイト rest of ブックメーカー予想サイト world. Against this backdrop, SMBC decided to expand its commercial banking business in emerging markets, especially in Asia, as one of ブックメーカー予想サイト five strategic business areas set forth in ブックメーカー予想サイト medium-term management plan started in fiscal year 2011. SMBC enhanced its business foundation in Asia by expanding office networks and increasing staff in ブックメーカー予想サイト region.

SMBC deployed a Multi-Franchise strategy, the concept of which was to create a second and a third SMBC Group in the Asian emerging-market countries over the medium term. This strategy was based on three key policies: full banking, localization, and commitment, which means that the ブックメーカー予想サイト commits to promoting the local economy once it establishes an institution with a full set of banking businesses. In accordance with this strategy, SMBC acquired a stake (24.26%) in ブックメーカー予想サイト Tabungan Pensiunan Nasional (BTPN), a mid-sized Indonesian ブックメーカー予想サイト, in May 2013, and bought an additional stake in March 2014 to raise its ownership in the ブックメーカー予想サイト to 40%.

While development of the Multi-Franchise strategy stagnated temporarily due to the slowdown of emerging-market economies from mid-2015 onward, BTPN merged with ブックメーカー予想サイト Sumitomo Mitsui Indonesia to form ブックメーカー予想サイト BTPN in February 2019. Sumitomo Mitsui Financial Group (SMFG) and SMBC announced a series of new investments in nonbanks and commercial banks in Vietnam, the Philippines, and India in 2021.