- Region: Others
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
January 15, 2015
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today with the Hiroshima Bank, Ltd. (Hiroshima Bank), a general agreement for offering a credit line to support the overseas business deployment of mid-tier enterprises and small and medium-sized enterprises (collectively "SMEs"). The credit line amounts up to USD50 million.
This credit line is intended to provide mid and long-term funds in U.S. dollars to mid-tier enterprises and SMEs and their overseas subsidiaries for funding their overseas business deployment in developing countries through Hiroshima Bank.
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 mid-tier enterprises and 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 Hiroshima Bank which has a main business base and a wide range of business relationships with Japanese mid-tier enterprises and SMEs in Hiroshima Prefecture area and actively supports their overseas business deployment.
As Japan's policy-based financial institution, JBIC will continue to financially support overseas business deployment of Japanese companies, including mid-tier enterprises and SMEs, by collaborating with private financial institutions in light of maintaining and strengthening the international competitiveness of Japanese industries.