- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
January 5, 2016
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today three loan agreements in the amount of up to approximately USD1,249 thousand (JBIC portion) with Bangkok Mitsubishi UFJ Lease Co., Ltd. (BMUL), a Thai subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL). These are individual loan agreements based on a credit line*1 for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs), previously signed with BMUL. The loans are cofinanced with a private financial institution, bringing the total cofinancing amount to approximately USD1,838 thousand.
All three of these loans will secure funding from BMUL in lease financing for facilities required by HAL ALMINUM (THAILAND) CO., LTD., a Thai subsidiary of HIROSHIMA ALUMINUM INDUSTRY CO., LTD. (Headquarters: Hiroshima prefecture), to conduct its automotive parts manufacturing and sales business.
In recent years, Thailand has seen an increasing number of Japanese companies enter the market, with Japanese mid-tier enterprises and SMEs also showing a growing interest in investing in the country. Accordingly, interest and demand for finance leases for capital investment by these mid-tier enterprises and SMEs is growing. Loans under the credit line will flexibly provide long-term foreign currency funds for finance leases required for the business operations of such companies in Thailand, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs, thereby contributing to maintaining and strengthening the international competitiveness of Japanese industries.
As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese mid-tier enterprises and SMEs, with a view to maintaining and strengthening the international competitiveness of Japanese industries.