Sumitomo Mitsui aims to boost overseas loans

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Source: Bloomberg
Sumitomo Mitsui Trust Holdings which is the fourth largest Japanese lender by market value is considering to increase the size of foreign loans by 32% through 2012. The target would expand bank's abroad lending by JPY 900 billion to JPY 2.8 billion. Japanese banks are gaining market share in Europe as region's lenders are struggling with European debt crisis.
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