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Individual Agreements Based on Credit Line for SMFL's Subsidiary in Indonesia
Supporting Overseas Business Deployment of SMEs by Utilizing Finance Lease

  • Region: Asia
  • Manufacturing and Services
  • Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
  • Overseas Investment Loans

January 23, 2015
  1. The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today three loan agreements in the aggregate total of up to about USD2,828 thousand (JBIC portion) as the first loans based on a credit line*1 for supporting overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (collectively SMEs) already signed with PT. SMFL Leasing Indonesia (SMFLIN), an Indonesian subsidiary of Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL). The loans are all cofinanced with private financial institutions.
     
  2. These individual loan agreements signed under this credit line will fund from SMFLIN in lease financing PT. Daiho Indonesia, an Indonesian subsidiary of DAIHO INDUSTRIAL CO., Ltd. (head office: Osaka Prefecture), for facilities required to conduct the manufacturing and sales business of various plastic products; PT. Howa Indonesia, an Indonesian subsidiary of Howa Textile Industry Co., Ltd. (head office: Aichi Prefecture), for facilities required to conduct the manufacturing and sales business of automobile parts; and PT. Surteckariya Indonesia, an Indonesian subsidiary of SURTECHKARIYA Co., Ltd. (head office: Aichi Prefecture), for facilities required to conduct the surface processing business of automobile parts.
     
  3. In recent years, against the background of robust economic growth in Indonesia, Japanese companies have been accelerating business expansion, with mid-tier enterprises and SMEs showing growing intention to invest in the country. Accordingly, there are increasing interest and needs for utilizing financing leases, as Japanese mid-tier enterprises and SMEs make capital investments. These loans under the credit line will provide long-term foreign currency funds flexibly for finance leasing required by business operations of mid-tier enterprises and SMEs conducted in Indonesia and other countries, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs. Thereby, they will contribute to maintaining and strengthening the international competitiveness of Japanese industries.
     
  4. As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises and SMEs, with a view to maintaining and strengthening the international competitiveness of Japanese industries, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.
Note
  1. *1 See Press Release on October 31, 2014.

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