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Strengths - (2) High profitability & efficiency
(Case 2) High efficiency

SMBC continued to maintain the highest level of operating efficiency in the banking sector in FY3/2009 with an overhead ratio*1 of 46.0%. We will continue to prioritize expenses based on scale, timing and effect, in order to better allocate our limited resources to growth business areas. At the same time, by increasing the efficiency of operations, we will keep the overhead ratio less than 50%.