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Japan's SMFG looks outside traditional banking for growth: CEO

Overseas markets will be focus despite geopolitical risks, Jun Ohta says

SMFG and Culture Convenience Club will join their popular V Point and T-Point rewards systems as the banking group seeks partnerships beyond traditional financial services.   © Kyodo

TOKYO -- Sumitomo Mitsui Financial Group will maintain a focus on international markets and target nonbanking businesses to lead growth amid a rapidly changing banking environment, the company's CEO told Nikkei.

"It is certain that overseas markets are the driver of growth," President and CEO Jun Ohta said, adding there are plans to continue investment and business expansion outside Japan.

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