Japan's SMFG says aiming for ROE of 10 pct in year to March 2017

TOKYO Wed May 14, 2014 3:43am EDT

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TOKYO May 14 (Reuters) - Sumitomo Mitsui Financial Group Inc said on Wednesday it is aiming for a return on equity of 10 percent in the fiscal year ending in March 2017 as part of its new medium-term business plan.

Japan's third-largest lender by assets said it is aiming for a Basel III common equity tier 1 ratio of 10 percent in the year to March 2017. (Reporting by Taiga Uranaka; Editing by Chris Gallagher)

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