- Region: Others
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
January 28, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed on January 27 two credit line agreements based on the general agreement JBIC had signed with The Bank of Yokohama, Ltd. (the Bank of Yokohama) for supporting overseas business deployment of mid-tier enterprises and small and medium enterprises (collectively "SMEs").*1
These credit lines will fund the manufacturing and sales business in the People's Republic of China for two electrical machinery and equipment manufacturers located in Kanagawa Prefecture and Tokyo respectively.
These credit lines will support overseas business deployment of Japanese SMEs with speedy and flexible provision of long-term foreign currency funds necessary for their business operations in developing countries by way of a domestic financial institution, thus will contribute to the maintenance and improvement of the international competitiveness of Japanese industries.
As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including SMEs, by collaborating with regional financial institutions for maintaining and improving the international competitiveness of Japanese industries.