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JAPAN'S SUMITOMO, SAKURA BANKS MERGE TO FORM SUMITOMO MITSUI.

AsiaPulse News

| April 02, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO, April 2 Asia Pulse - Sumitomo Bank and Sakura Bank merged Sunday to create Sumitomo Mitsui Banking Corp. (TSE: 8318), which boasts 100 trillion yen (US$791.65 billion) in assets, 70 trillion yen in deposits and a nationwide network of some 570 branches.

The merged bank's first board meeting was ...

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Source: HighBeam Research, JAPAN'S SUMITOMO, SAKURA BANKS MERGE TO FORM SUMITOMO MITSUI.

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