- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
January 23, 2015
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement, amounting up to USD560,000 (JBIC portion) with The Bank of Yokohama, Ltd. (the Bank of Yokohama), based on the credit line*1 previously signed for supporting overseas business deployment of Japanese mid-tier enterprises as well as small and medium-sized enterprises (SMEs).
The loan under the credit line is intended to provide necessary funding to LOUNIE Trade (Shanghai) Co., Ltd., a Chinese subsidiary of AIIA Corporation (Headquarters: Tokyo) in financing the sales business of clothing.
Under the credit line, JBIC will support the overseas business deployment of Japanese mid-tier enterprises and SMEs, by providing adequate and rapid response to their financial needs for overseas business deployment in the developing regions and extending long-term funds in local currency through Japanese financial institutions. Thus, this loan will contribute to maintaining and strengthening 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 private financial institutions in light of maintaining and strengthening the international competitiveness of Japanese industries.