Sumitomo Mitsui Financial Group Inc. (SMFG; A/Stable/A-1) is one of three mega-bank groups in Japan, with consolidated total assets of ¥123 trillion as of March 31, 2010. SMFG has a broad customer base, including companies in the Mitsui and Sumitomo corporate groups, which are two of Japan's largest corporate groups. While banking operations account for the majority of SMFG's revenue, the group's revenue streams are diversified. SMFG offers a wide range of financial services including securities, credit cards, leasing, and consumer finance, through its subsidiaries and affiliated companies. SMFG's ratio of consolidated net nonperforming loans (NPL), net of loan loss reserves, to total loans was 0.75% as of March 31, 2010, close to the average for major Japanese banks. Credit
