Individual Agreement Based on Credit Line for The Bank of Yokohama
Supporting Overseas Business Deployment of Mid-Tier Enterprises and SMEs in Collaboration with Regional Financial Institutions
- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement in the amount of USD2,250 thousand (JBIC portion) based on a credit line*1
for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs) already signed with The Bank of Yokohama, Ltd.
This loan agreement will provide the funds necessary for the cold-drawn steel pipe manufacturing and sales business conducted by PHILIPPINE NISHIYAMA PIPE MFG. INC., a Philippine subsidiary of NISHIYAMA SEISAKUSHO Co., Ltd. (Headquarters: Kanagawa Prefecture).
Loans under the credit line will flexibly provide, through a Japanese financial institution, long-term foreign currency funds required by the business operations of mid-tier enterprises and SMEs conducted in developing regions, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs. These loans will thereby contribute 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 in collaboration with regional financial institutions in Japan, with a view to maintaining and strengthening the international competitiveness of Japanese industries.
- *1 See Press Release on October 29, 2013.