Sumitomo Mitsui in talks to purchase loans from ABN AMRO.

Global Banking News-March 19, 2021--Sumitomo Mitsui in talks to purchase loans from ABN AMRO

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Global Banking News - 19 March 2021

Japan-based Sumitomo Mitsui Financial Group Inc (TYO: 8316) is said to be in talks to purchase commodity loans from ABN AMRO, Bloomberg has reported.

The Japanese bank is aiming to purchase a portfolio of commodity loans from ABN Amro NV, as the Dutch lender is looking to exit its commodity loans business. A deal would see the Japanese lender take...

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