- Region: Others
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
October 29, 2013
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a general agreement for offering a credit line for supporting mid-tier enterprises and small and medium-sized enterprises (collectively "SMEs") for funding their overseas business deployment with The Bank of Yokohama, Ltd (the Bank of Yokohama). The credit line amounts up to 30 million U.S. dollars.
This credit line is intended to provide mid- and long-term funds in U.S. dollars to SMEs and their overseas subsidiaries through the Bank of Yokohama by offering a credit line for supporting Japanese SMEs for funding their overseas business deployment in developing countries.
In recent years, the economic globalization has accelerated and emerging countries, including those in the Asian region, have achieved rapid economic growth. Given these conditions, many Japanese companies, including SMEs, are speeding up their overseas business deployment in order to capture the expanding overseas demand. At the same time, the need for funding in U.S. dollars is increasing.
Given the circumstances, JBIC will provide adequate and rapid response to their financial needs for overseas business deployment by extending mid- and long-term funds in U.S. dollars through the Bank of Yokohama which has a main business base and a wide range of business relationships with Japanese SMEs in Kanagawa area and actively supports their overseas business deployment.
As a public financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including SMEs, by collaborating with private financial institutions in light of maintaining and improving the international competitiveness of Japanese industries.