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The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) announced today a summary of its business performance and activities in the third quarter (Q3, October-December) of FY2022 as outlined below. Details of financial commitment amounts by financial product can be found in the PDF files provided in this press release.
I. Loans, Equity Participation, and Guarantees
1. Financial Commitments
In Q3 FY2022, JBIC made a total of 27 financial commitments, amounting to approximately JPY669 billion in loans, equity participation, and guarantees.
2. Disbursements, Repayments, and Outstanding Amounts
Disbursements made by JBIC during Q3 FY2022 amounted to approximately JPY745.7 billion and repayments received were approximately JPY703.5 billion. As a result, outstanding loans and equity participation totaled approximately JPY15,800.3 billion and outstanding guarantees were approximately JPY1,509.2 billion, with the total outstanding amount for those financial products reaching approximately JPY17,309.5 billion.
II. Major Business Activities in Q3 FY2022
1. Maintaining and Improving International Competitiveness of Japanese Industry
(1) Support for Strategic Overseas Business Expansion of Japanese Companies
JBIC provided loans for a subway line construction and operation project in Canada involving a Japanese company and aircraft leasing business in the United States. JBIC also supported a Japanese startup in acquiring a payment processing service company in the United States, by means of equity participation.
(2) Support for Overseas Expansion of Japanese MTEs and SMEs
JBIC made a total of 16 financial commitments, aggregating approximately JPY3.3 billion, which included: a loan for manufacturing and sales of aluminum processed products in Malaysia; a loan for manufacturing and sales of industrial machinery in the Philippines; and a local currency loan for manufacturing and sales of plastic parts for automotive interior parts and other goods in Thailand.
2. Addressing Global Issues
(1) Support for Renewable Energy Projects
JBIC granted loans for an onshore wind farm project in Egypt that involves a Japanese company, and an Indonesian national oil company’s renewable energy project.
(2) Support for Energy Transition in Asia
To support projects that would contribute toward decarbonization and energy transition, JBIC signed memoranda of understanding (MOU) with Indonesian and Thai policy-based financial institutions, among others. In addition, JBIC announced a joint statement on efforts to address climate change with 10 institutions including Asian export and import banks.
(3) Support for Project Structuring in Next-generation Energy Sector
JBIC signed an MOU with a Singaporean energy company to strengthen its partnership in building supply chains in such sectors as hydrogen and ammonia.
3. Support in Collaboration with Multilateral and International Institutions
JBIC signed an MOU with the U.S. International Development Finance Corporation, the Department of Foreign Affairs and Trade of Australia, and Export Finance Australia to promote cooperative projects in third countries for promoting a free and open Indo-Pacific. Also, JBIC signed an MOU with the European Bank for Reconstruction and Development (EBRD) to fortify cooperation on projects in multiple regions and sectors, including Central and Eastern Europe, and energy transformation.
4. Other Financing Support
In July 2022, JBIC established the Global Investment Enhancement Facility*1 to support Japanese companies with: (i) the contribution toward preserving the global environment, including decarbonization and (ii) the enhancement of supply chain resilience, the expansion of high-quality infrastructure, and the creation of new overseas markets. In Q3 FY2022, JBIC made a total of 25 financial commitments amounting to approximately JPY655.6 billion in loans and guarantees under the Global Investment Enhancement Facility.