- Region: The Middle East
- Machinery and Equipment
November 19, 2012
- The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed on November 16, a memorandum of understanding (MOU) with T. Garanti Bankasi A.S. (Garanti Bankasi), the major 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 Garanti Bankasi 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 exports 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 deployment of Japanese companies in Turkey and its neighboring countries, through the enhancement of the relationship between JBIC and Garanti Bankasi.
- JBIC will continue to support Japanese companies' overseas businesses 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.