Sumitomo Mitsui Finance Dublin Limited is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) and was established to conduct lending and asset financing activities with corporate customers of the SMBC Group.
The company's activities have expanded to include custodial services. SMFD provides a range of custodial and asset administration services to mainly Japanese and Asian corporations and their European subsidiaries.
The company also acts in principal paying agency administration and special purpose company administration. SMFD carries out the administration of Principal Paying Agent business on behalf of Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), by means of an outsourcing arrangement. The company currently administers bonds and MTN programmes. It provides principal paying agent related services for securities such as; eurobonds, convertible bonds, preference shares and MTN programmes.
SMFD also provides loan facilities to corporations with borrowings by subsidiaries in various jurisdictions. It can enter into bilateral or syndicated facilities. SMFD has advanced loans in Croatia, Czech Republic, Romania, Russia, Spain, Slovenia, and Slovakia.
In June 2012, Sumitomo Mitsui Financial Group Inc, Japan's second biggest banking group by market value, acquired RBS Aviation Capital from the Royal Bank of Scotland Group Plc for $7.3 billion. The company was subsequently renamed SMBC Aviation Capital and employed 69 in Dublin and had a fleet of 203 aircraft at the time of the transaction.
