Participation of a Total of 67 Japanese Financial Institutions in a Support Framework based on MOUs with the States of Guanajuato and Nuevo Leon and BANCO NACIONAL DE MÉXICO, S.A., INTEGRANTE DEL GRUPO FINANCIERO BANAMEX in the United Mexican States


2016-9-1
Japan Bank for International Cooperation (JBIC)

The Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) signed in February 2016 memoranda of understanding (MOUs)*1 with the State of Guanajuato and BANCO NACIONAL DE MÉXICO, S.A., INTEGRANTE DEL GRUPO FINANCIERO BANAMEX (Banamex) in the United Mexican States (Mexico) and, in March 2016, with the State of Nuevo Leon. A total of 67 Japanese financial institutions*2 have now confirmed their participation in the support framework based on the MOUs. This is expected to provide Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs) with effective access to services of the states of Guanajuato and Nuevo Leon, and Banamex.

Mexico has a population of around 120 million, and it is highly rated as a prospective supply base for manufacturers that can make use of inexpensive labor and the local market's growth potential. The JBIC FY2015 Survey Report on Overseas Business Operations by Japanese Manufacturing Companies*3 ranked Mexico sixth for medium-term business prospects in 2015, while by industry Mexico is placed first in the automotive sector. Major Japanese automotive companies are already investing in Mexico, and other Japanese companies - including mid-tier enterprises and SMEs – are also expected to continue their deployment into the country.

In contrast, the majority of regional financial institutions in Japan, which have business relationships with mid-tier enterprises and SMEs, do not have a base in Mexico at present. This does not make it easy to provide mid-tier enterprises and SMEs with the necessary information to support their deployment into Mexico. Each of the Japanese financial institutions participating in the support framework will actively utilize the services of Japan Desks (desks providing services exclusively for Japanese companies) or a Foreign investment promotion office devoted to helping companies do business in Mexico, which are set up by the states of Guanajuato and Nuevo Leon, as well as Banamex, in order to support the deployment of mid-tier enterprises and SMEs into Mexico.

Note
  1. *1 See Press Releases on February 24, 2016 (State of Guanajuato and Banamex), and March 9, 2016 (State of Nuevo Leon).
  2. *2 (1) 67 financial institutions have confirmed their participation in the framework for MOUs with the states of Guanajuato and Nuevo Leon; and (2) 57 financial institutions for MOU with Banamex:
    (1) Resona Bank, Limited, SAITAMA RESONA BANK, LTD., THE MICHINOKU BANK, LTD., THE AKITA BANK, LTD., THE HOKUTO BANK, LTD., THE SHONAI BANK, LTD., THE YAMAGATA BANK, LTD., The Bank of Iwate, Ltd., The 77 Bank, Ltd., THE TOHO BANK, LTD., The Gunma Bank, Ltd., The Ashikaga Bank, LTD., The Joyo Bank, Ltd., Tsukuba Bank, Ltd., The Musashino Bank, Ltd., THE CHIBA BANK, LTD., The Tokyo Tomin Bank, Limited, The Bank of Yokohama, Ltd., THE DAISHI BANK, LTD., The Hokuetsu Bank Ltd., The Hachijuni Bank, Ltd., THE HOKURIKU BANK, LTD., THE SHIZUOKA BANK, LTD., The Shimizu Bank, LTD., The Ogaki Kyoritsu Bank, Ltd., The Juroku Bank, Ltd., The Hyakugo Bank Ltd., THE SHIGA BANK, LTD., The Bank of Kyoto, Ltd., The Kinki Osaka Bank Ltd., The Senshu Ikeda Bank, Ltd., The Nanto Bank, Ltd., The San-in Godo Bank, Ltd., THE CHUGOKU BANK, LTD., THE HIROSHIMA BANK, LTD., Yamaguchi Financial Group, Inc (THE YAMAGUCHI BANK, Ltd., Momiji Bank, Ltd., The Kitakyushu Bank, Ltd.), The Hyakujushi Bank, Ltd., The Iyo Bank, Ltd., THE CHIKUHO BANK, LTD., The Eighteenth Bank, LTD., THE OITA BANK, LTD., THE KAGOSHIMA BANK, LTD, THE TOWA BANK, LTD, The Tochigi Bank, Ltd., The Keiyo Bank, Ltd., THE HIGASHI-NIPPON BANK, LIMITED, THE TAIKO BANK, LTD., THE NAGANO BANK, LTD., THE FIRST BANK OF TOYAMA, LTD., The Aichi Bank, Ltd., THE BANK OF NAGOYA, LTD., The Daisan Bank, Ltd., KANSAI URBAN BANKING CORPORATION, TOMATO BANK, LTD., THE TOKUSHIMA BANK LTD., THE KAGAWA BANK, LTD., The Ehime Bank, Ltd., The Hamamatsu Shinkin Bank, THE MISHIMA SHINKIN BANK, IWATA SHINKIN BANK, THE OKAZAKI SHINKIN BANK, The Seto Shinkin Bank, THE HEKIKAI SHINKIN BANK, The Gamagori Shinkin Bank, THE KYOTO SHINKIN BANK, THE KYOTO CHUO SHINKIN BANK, and The Nagano-ken Shinkumi Bank
    (2) THE MICHINOKU BANK, LTD., THE AKITA BANK, LTD., THE HOKUTO BANK, LTD., THE SHONAI BANK, LTD., The Yamagata Bank, Ltd., The Bank of Iwate, Ltd., The 77 Bank, Ltd., THE TOHO BANK, LTD., The Gunma Bank, Ltd., The Ashikaga Bank, LTD., The Joyo Bank, Ltd., Tsukuba Bank, Ltd., The Musashino Bank, Ltd., THE CHIBA BANK, LTD., The Tokyo Tomin Bank, Limited, THE DAISHI BANK, LTD., The Hokuetsu Bank Ltd., The Hachijuni Bank, Ltd., THE HOKURIKU BANK, LTD., The Shimizu Bank, Ltd., The Ogaki Kyoritsu Bank, Ltd., The Juroku Bank, Ltd., THE SHIGA BANK, LTD., The Bank of Kyoto, Ltd., The Nanto Bank, Ltd., The San-in Godo Bank, Ltd., THE CHUGOKU BANK, LTD., THE HIROSHIMA BANK, LTD., Yamaguchi Financial Group, Inc (THE YAMAGUCHI BANK, Ltd., Momiji Bank, Ltd., The Kitakyushu Bank, Ltd.), The Hyakujushi Bank, Ltd., The Iyo Bank, Ltd., THE CHIKUHO BANK, LTD., The Eighteenth Bank, LTD., THE OITA BANK, LTD., THE KAGOSHIMA BANK, LTD, THE TOWA BANK, LTD, The Tochigi Bank, Ltd., The Keiyo Bank, Ltd., THE TAIKO BANK, LTD., THE NAGANO BANK, LTD., THE FIRST BANK OF TOYAMA, LTD., The Aichi Bank, Ltd., THE BANK OF NAGOYA, LTD., The Daisan Bank, Ltd., KANSAI URBAN BANKING CORPORATION, TOMATO BANK, LTD., THE TOKUSHIMA BANK LTD., THE KAGAWA BANK, LTD., The Ehime Bank, Ltd., The Hamamatsu Shinkin Bank, IWATA SHINKIN BANK, THE OKAZAKI SHINKIN BANK, The Seto Shinkin Bank, THE HEKIKAI SHINKIN BANK, The Gamagori Shinkin Bank, THE KYOTO SHINKIN BANK, and THE KYOTO CHUO SHINKIN BANK
    Note: in the order of the bank code in Japan
  3. *3 See Press Release on December 3, 2015 for details.
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