Strengthening of JBIC's Functions and Organizational Realignment


2016-10-3
Japan Bank for International Cooperation (JBIC)

The Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) has set out to enhance support for overseas business expansion of Japanese companies by strengthening its functions and realigning the organization as follows:

  1. Launch of the Special Operations

    On October 1, JBIC launched the Special Operations*1, enabling JBIC to take further risks regarding overseas infrastructure projects, with the aim of providing more support toward Japanese companies' overseas infrastructure businesses.
    Each of JBIC's finance departments will handle both the Special Operations as well as the Ordinary Operations (equivalent to JBIC's existing operations). For any consultation regarding new projects, please contact the finance department respective to the sector and location/host country of the project.

  2. Expanding eligible sectors in developed countries

    Following the revision of the Cabinet Order for Enforcement of the JBIC Act on September 30, the eligible sectors for support by the following financial instruments were reviewed and expanded: (1) export loans for exporting Japanese products to developed countries; and (2) overseas investment loans for projects in developed countries. For details of eligible sectors under the scope, please see the Export Loans and Overseas Investment Loans in the Financial Instruments section on the JBIC official website. Sectors which have been newly added to the scope are as follows:

    (1) Export loans for the exports of Japanese products to developed countries
    Road business / Petrochemical production / Waste incineration and Waste to energy
    (2) Investment loans for projects in developed countries
    Shipbuilding and Marine transport / Satellite launching and operation / Medical business (related to positron therapy facility) / Road business / Petrochemical production / Waste incineration and Waste to energy
  3. Organizational Realignment

    (1) Establishment of Equity Finance Group and Equity Investment Department, as well as renaming of Marine and Aerospace Finance/Financial Products Department
    On October 1, JBIC newly established the Equity Finance Group and the Equity Investment Department, and renamed the Marine and Aerospace Finance/Financial Products Department to Marine and Aerospace Finance Department. The objective of the establishment of the Equity Finance Group and Equity Investment Department is to strengthen its institutional capacity of equity investments in line with various government's initiatives. The Marine and Aerospace Finance/Financial Products Department was renamed upon the transfer of fund investment operations to the Equity Investment Department.


    (2) Realignment to Strengthen Support for Mid-Tier Enterprises and SMEs
    On October 1, JBIC set up the Finance Office for SMEs. On the basis of the "Economic Measures for Realizing Investment for the Future" (decided by the cabinet on August 2, 2016), the consultation and loan operations, the former of which had been conducted under the supervision of the Special Advisor for SMEs and the latter of which had been handled by the Finance Division for SMEs of East Japan), are integrated into the Finance Office for SMEs. This is intended to strengthen our support for Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs) to assist their overseas business.
    Meanwhile, West Japan Office continues to be in charge of the support for mid-tier enterprises and SMEs located in western Japan as before.

    • * The above chart describes only where the changes are made.

    Please refer to the renewed Organizational Chart from the link below.
    New Organizational Chart

Note
  1. *1  As part of the enhancement of JBIC functions based on the "Act for Partial Amendment of the Japan Bank for International Cooperation Act," enacted on May 11, 2016, the operations have been launched upon the enforcement of relevant provisions under the above Act as of October 1. See Information on May 11, 2016 for details.
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