Business Performance and Activities for Q3 FY2023

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 FY2023 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 FY2023, JBIC made a total of 41 financial commitments, amounting to approximately JPY262.1 billion in loans, equity participation, and guarantees.

2. Disbursements, Repayments, and Outstanding Amounts
Disbursements made by JBIC during Q3 FY2023 amounted to approximately JPY321.6 billion, and repayments received were approximately JPY745.1 billion. As a result, outstanding loans and equity participation totaled approximately JPY16,037.2 billion and outstanding guarantees were approximately JPY1,558.1 billion, with the total outstanding amount for those financial products reaching approximately JPY17,595.3 billion.

II. Major Business Activities in Q3 FY2023

1. Maintaining and Improving International Competitiveness of Japanese Industry

(1) Support for Enhancement of Supply Chain Resilience and Overseas M&A of Japanese Companies
JBIC provided a loan for the manufacture and sale of off-road four wheelers in Mexico and a loan for a Japanese company’s acquisition of an Australian food company.

(2) Support for Overseas Expansion of Japanese MTEs and SMEs
JBIC made a total of 19 financial commitments, aggregating approximately JPY6.9 billion and including a loan for the manufacture and sale of automotive rebuilt parts in Bangladesh, a local currency loan for the manufacture and sale of metal parts in Thailand, and a loan for reprocessing and selling aluminum scrap in Vietnam.

2. Addressing Global Issues

JBIC granted loans for an offshore electricity transmission project in the United Kingdom that involves a Japanese company and also for a business manufacturing and selling biomass fuels in Vietnam. JBIC signed a Memorandum of Understanding (MOU) with a governmental institution of Australia to strengthen its relationship in the fields of hydrogen, renewable energy, and the electricity grid. In addition, to promote the Asia Zero Emission Community (AZEC) Concept, JBIC signed MOUs with a major state-owned bank in Vietnam and two infrastructure-related companies in the Philippines to enhance cooperation in areas such as decarbonization.

3. Support for Global South

JBIC signed loan agreements for credit lines with a development and investment bank in Türkiye to provide funding for environmental preservation projects that contribute to the recovery from the earthquake that occurred in February 2023 and also with Türkiye’s policy-based financial institution for projects that will lead to environmental protection. In addition, JBIC signed an MOU with the Republic of Namibia with the aim of supporting the development of projects related to environmental preservation and critical minerals that involve Japanese companies. And finally, JBIC signed an MOU with Chile’s state-owned copper mine operator to promote cooperation in the sectors of critical minerals and decarbonization.

4. Support under the Global Investment Enhancement Facility

In July 2022, JBIC established the Global Investment Enhancement Facility^*1 to support Japanese companies with the following: (i) contributions toward preserving the global environment, including decarbonization, (ii) the enhancement of supply chain resilience, the expansion of high-quality infrastructure, and the creation of new overseas markets. In Q3 FY2023, JBIC made a total of 30 financial commitments, amounting to approximately JPY245.8 billion in loans and guarantees under the Global Investment Enhancement Facility.