- Region: Asia
- Manufacturing and Services
- Overseas Investment Loans
August 19, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to THB200 million (JBIC portion) with BTMU Leasing (Thailand) Co., Ltd. (BTMULT), a Thai subsidiary of BOT Lease Co., Ltd. The loan is cofinanced with private financial institutions, reaching the total cofinancing amount to THB340 million.
This loan is intended to finance BTMULT in local currency the necessary funds for the leasing and hire-purchasing business of construction machineries, forklifts and transportation equipment in Thailand.
With the construction machinery leasing market in Thailand expected to grow in the future backed by economic growth, leasing has become an important tool for Japanese construction machinery manufacturers to maintain and expand their business. Thus, this loan to BTMULT, whose business mainly consists of leasing products of Japanese manufacturers, will contribute to maintaining and strengthening the international competitiveness of Japanese industries by supporting the sales expansion of its manufactures.
As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies by drawing on its various financial facilities and schemes, including loans to meet the needs of local currency funds, for structuring projects, and performing its risk-assuming function.