£22.4M
Sumitomo Mitsui Banking Corporation has invested £22.4m in OakNorth through a secondary share purchase.
"SMBC continues to transform itself to adopt to changes in society and the economy. This partnership and investment is a clear demonstration of SMBC’s commitment to define the commercial banking model of the future and become the leading choice for businesses around the globe. Like us, SMBC wishes to create a better borrowing experience for businesses."