Individual Agreement Based on Credit Line for Chiba Bank
Supporting Overseas Business Deployment of SMEs in Collaboration with Regional Financial Institutions

  • Area: Asia
  • Manufacturing and Services
  • Mid-Tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
  • Overseas Investment Loans


December 16, 2015
  1. The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today an agreement in the amount of approximately USD578 thousand (JBIC portion) based on a credit line*1 for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs) already signed with The Chiba Bank, Ltd.
     
  2. This loan agreement will provide funds necessary for the cargo pallet production and sales business conducted by Dandong Riqian Logistics Equipment Co., Ltd, a Chinese subsidiary of CS JAPAN Co. Ltd (Headquarters: Chiba Prefecture).
     
  3. Loans under the credit line will flexibly provide, through a Japanese financial institution, long-term foreign currency funds required by the business operations of mid-tier enterprises and SMEs conducted in developing regions, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs. This will thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries.
     
  4. As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese mid-tier enterprises and SMEs in collaboration with regional financial institutions in Japan, with a view to maintaining and strengthening the international competitiveness of Japanese industries.
Note
  1. *1 See Press Release on December 25, 2013.
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