The Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) today released its operational results for the third quarter (October to December) of FY2016. A summary of the results is given below. See the Appendix for a detailed breakdown of the figures by financial instrument.
Ⅰ. Loans, Guarantees, and Equity Participations
In the third quarter of FY2016, JBIC made 25 commitments amounting to approximately JPY84.2 billion in loans, guarantees, and equity participations.
2．Disbursements, Repayments and Outstanding Amounts
Disbursements amounted to approximately JPY229.6 billion, while repayments were JPY440.1 billion in the third quarter. Consequently, outstanding loans and equity participations totaled JPY15.1844 trillion and outstanding guarantees were JPY2.4229 trillion, with the total outstanding amount reaching JPY17.6073 trillion at the end of the third quarter.
Ⅱ. Operational Highlights
1．Securing Stable Supply of Resources to Japan
As support related to natural resource development, JBIC provided a loan for acquisition of interest in the Malinau coal mines in Indonesia. The loan is intended to provide financing for Idemitsu Kosan Co., Ltd. to acquire 30% shares of the coal mines, and is thereby expected to contribute to securing a stable supply of and a maintaining and increasing of the self-development ratio of mineral and energy resources to Japan.
2．Supporting Maintenance and Strengthening of the International Competitiveness of Japanese Industries
(1) Supporting the Overseas Infrastructure Business Deployment of Japanese Companies
JBIC provided a loan for PT PLN (Persero), a state-owned power company in Indonesia, to purchase a complete set of facilities from a Japanese company for the construction of the Jawa-2 gas-fired combined cycle power plant.
(2) Supporting the Overseas Business Deployment of Mid-Tier Enterprises and Small and Medium-Sized Enterprises
JBIC approved 16 loans totaling approximately JPY1.1 billion to support the overseas business deployment of mid-tier enterprises and small and medium-sized enterprises (SME). These included loans for the plastic product manufacturing and sales business of a Filipino subsidiary of SYTECS CORPORATION and the apparel manufacturing and sales business of a Vietnamese subsidiary of Sakurai Co., Ltd. JBIC also supported facility procurement through finance leases by mid-tier enterprises and SMEs operating overseas, on the basis of investment credit lines previously established with a Thai subsidiary of Mitsubishi UFJ Lease & Finance Company Limited and a Singaporean subsidiary of Sumitomo Mitsui Trust Panasonic Finance Co., Ltd. In addition, JBIC established a second investment credit line with Bank of Yokohama, Ltd. for supporting the overseas business deployment of mid-tier enterprises and SMEs.
(3) Promoting the Liquidation of Loans
JBIC made partial liquidation of project financing structured and owned by JBIC for a power infrastructure project in Asia.
(4) Other Efforts
JBIC signed a guarantee agreement with private financial institutions for loans necessary for the import of aircraft to be operated by the ANA Group.
3．Efforts in the Environment-related Sector
JBIC signed a Memorandum of Understanding (MOU) with the Inter-American Development Bank and the Inter-American Investment Corporation for the promotion of quality infrastructure and environmental projects in the Latin American and the Caribbean region.