- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
February 24, 2015
-
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today an agreement in the amount of up to about USD1,635 thousand (JBIC portion) 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 loan is cofinanced with a private financial institution.
-
The individual loan agreement signed under this credit line will fund from SMFLIN in lease financing, PT. Asahi Forge Indonesia, an Indonesian subsidiary of ASAHI FORGE CORPORATION (head office: Aichi Prefecture), for facilities required to conduct the manufacturing and sales business of automobile parts.
-
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. This loan 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.
-
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.