- Region: Others
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 25, 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 Chiba Bank, Ltd. (Chiba Bank). The credit line amounts up to USD30 million.
This credit line is intended to provide mid- and long-term funds in U.S. dollars to SMEs and their overseas subsidiaries through Chiba Bank 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 Chiba Bank which has a main business base and a wide range of business relationships with Japanese SMEs in the Chiba area and actively supports their overseas business deployment.
As Japan's policy-based 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.