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SBI Sumishin Net Bank

Seeking to Become an Innovative Internet Bank via Internet Full Banking

SBI Sumishin Net Bank

SBI Sumishin Net Bank is an Internet bank jointly established, as an innovative customer-oriented new bank, by SBI Holdings and Sumitomo Mitsui Trust Bank.

Since the establishment in September 2007, we have been working to offer an Internet full-banking business that provides easier-to-use and more competitive products and services than any of our competitors, 24 hours a day and 365 days a year. As a result, both the number of customer accounts and deposit balance have grown steadily, surpassing 2 million accounts in May 2014, and \3.4 trillion in September 2014, respectively. Also, the cumulative total of housing loans exceeded \2 trillion in October 2014. Meanwhile, we received high recognition including first place in the JCSI (Japanese Customer Satisfaction Index) for 5 consecutive years, and No.1 in the Self-Directed Bank Segment at the Japan Investor Satisfaction Study run by J.D. Power Asia Pacific, Inc.

We have launched new products and services including 1) Housing loans that offer not only a low interest rate but also insurance against sickness, traffic accidents and earthquake, with no additional fee charged on advanced repayments that can be made from as little as one yen; 2) “Purpose loans,” five types of loans (education, automobile, house renovation, multi-purpose, and allpurpose) to choose from according to customers' life events and needs, for which all procedures from subscription to borrowing can be completed from anywhere in Japan through the Internet and post (or fax) only; and 3) An “auto paying-in service” that offers withdrawal of fixed amounts from a customer's other bank account, to be paid into an SBI account. For smartphone users, we offer the following apps: “Balance Check and Transfer,” “Foreign Currency Deposit Account,” “Oh! FX,” and “Torihikijo FX Click 365.” Account opening and online loans can also be applied for with smartphones.

In order to ensure that online banking is safer, more convenient,and easier to use, we offer “Smart Authentication,” the first smartphone authentication service in the banking industry. The customer trend to seek out more convenient and advantageous conditions using the Internet will accelerate. In light of these customer needs, we are filling out our lineup of products and services including a variety of deposit transactions in yen and foreign currencies, various investment products offered through financial instrument intermediaries, funds settlement services, and home mortgage and credit card loans, as we focus our energy on building an environment for easy-to-use and secure trading from measure enhancement of smartphone - compatible trading and further strengthening of security.

We are not bound to the existing frame of an Internet bank. We will offer, in coordination with the SBI Group and Sumitomo Mitsui Trust Bank, a wide variety of finance-related services in response to various needs of customers.

Striving to be “Your regular bank,” one that customers can use every day for all needs, SBI Sumishin Net Bank continues to endeavor to create new values that will further enhance the convenience and development of the society.

Corporate Profile

Company name SBI Sumishin Net Bank, Ltd.
Principal business Internet banking
Representative Mashiba Fujita, Noriaki Maruyama
Location Izumi Garden Tower, 1-6-1 Roppongi, Minato-ku, Tokyo
Date of establishment September 24 , 2007
Paid-in capital 31 billion yen
Shareholders * SBI Group 50.0%
Sumitomo Mitsui Trust Bank, Limited 50.0%

* Ownership percentage is based on voting rights. SBI Group's shareholding percentage corresponds to a total percentage based on the IFRS criteria for subsidiary companies and subsidiary funds of the Group.

(As of September 30, 2019)

Corporate Information & SBI Group