On January 23, 2015, Eximbank signed a 3-Party Memorandum of Understanding (MoU) with Sumitomo Mitsui Banking Corporation (SMBC) and Minato Bank.
Accordingly, Eximbank and Minato will introduce their customers to use their partners' services when those customers invest in the partner bank's country. At the same time, the parties will support each other in providing market information and banking services such as opening accounts, foreign exchange transactions, finding partners, introducing customers of the two banks to each other... depending on the terms and conditions. conditions and capabilities of each party. SMBC will also support the above services.
Minato Bank is a local Japanese bank, established in 1949, and headquartered at 1-1 Sannomiyacho 2-chome Chuo-ku, Kobe, Hyogo, Japan. As of March 31, 2014, Minato Bank had total assets of $32.46 billion in the US and 103 branches in Japan, main operations in Hyogo Prefecture and surrounding areas.
This is the first time Eximbank has signed a Memorandum of Understanding on cooperation between 03 parties (SMBC, a local Japanese bank, and Eximbank) towards the goal of further developing the customer base and strengthening mutual support. with Japanese partners.