- Region: The Middle East
- Machinery and Equipment
October 10, 2012
- The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today, a memorandum of understanding (MOU) with AKBANK T.A.Ş. (AKBANK), the major private commercial bank in Turkey, for the purpose of information exchange on future collaboration in financing.
- The objective of this MOU is to explore the future cooperation between JBIC and AKBANK for supporting the financing of Japanese exports to Turkey and its neighboring countries, and to exchange information regarding potential projects involving the export of Japanese machinery and equipment from Japan under the future financing cooperation.
- In recent years, there have been growing expectations on the export of machinery and equipment from Japan to Turkey and its neighboring countries through collaboration between Japanese and Turkish companies, and also on the major role JBIC should play therein. Under these circumstances, there has been growing interest in the business development of Japanese companies in Turkey and its neighboring countries, through the enhancement of the relationship between JBIC and AKBANK.
- JBIC will continue to support Japanese companies' overseas business deployment, in collaboration with such foreign financial institutions in Turkey and its neighboring countries, by drawing on its various financial facilities and schemes for structuring projects, and by performing its risk-assuming function.