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After considering the high net worth recorded by RAMADBK over the past five
financial years , Two Senior Officers from Mitsui Sumitomo Bank visited RAMADBK
for the first round of talks about issuing bonds with SMBC.
They proposed that since RAMADBK is well established in the core business could
concentrate on diversification of business including listing in Tokyo Stock
Market and as the first step for that we could start with bonds. They suggested
that outstanding performances of the RAMADBK and the reputation will certainly
carry a weight when trading bonds and At the discussion the they were very
pleased and highly appraised the rapid improvement of the company.
From left our Director Mr. Natsuo Aihara,
President Mr. Jagath C. Ramanayake, Sumitomo Mitsui Banking Cooperation Tsurumi
Branch Manager Mr. Seki and Senior Manager
of Tsurumi Branch Mitsui Sumitomo Banking Cooperation in our meeting room.
On March 17, 2003, the new Sumitomo Mitsui Banking Corporation ("SMBC")
commenced its business through the merger between the former SMBC and THE
WAKASHIO BANK, LTD., the wholly-owned subsidiaries of Sumitomo Mitsui Financial
Group, Inc. ("SMFG").
The officer highlighted that SMBC will, through the integration of its
management resources from both banks, not only further strengthen its capability
to provide banking services tailored to businesses and individuals.
During fiscal 2002, the company have been establishing a forward-looking
management system by fortifying SMFG's financial base through a series of
actions, including the above-mentioned merger of the banking subsidiaries, in
order to attain further growth even under the current tough environment. They
welcomed the forward looking approach of RAMADBK.
In December company established the holding company, SMFG, in order to realize a
highly flexible and expandable group structure for achieving optimal group
management and substantial reinforcement of our strategic business lines.
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Read More About SMFG Financial Group
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SENIOR
MANAGERS FROM MITSUI SUMITOMO BANK VISITS RAMADBK 