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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a general agreement for establishing an investment credit line totaling up to USD14 million (JBIC portion) with PT. BUMIPUTERA-BOT FINANCE (BBF), an Indonesian subsidiary of BOT Lease Co., Ltd. to support the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs). The credit line is cofinanced with private financial institutions, bringing the total cofinancing amount to USD20 million.
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This agreement is intended to establish a credit line to secure funding from BBF in lease financing for the facilities required by overseas subsidiaries of Japanese mid-tier enterprises and SMEs to conduct their businesses in Indonesia and other countries.
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In recent years, against the background of economic growth in Indonesia, Japanese companies have been accelerating their business expansion, with mid-tier enterprises and SMEs also showing a growing intention to invest in the country. As a result, interest and demand for finance leases for capital investment by Japanese mid-tier enterprises and SMEs are growing.
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In response to this development, JBIC intends to give appropriate and timely support to the overseas business deployment of these mid-tier enterprises and SMEs by extending medium and long-term funds in U.S. dollars to and cooperating with BBF, which has a wide range of business relationships with Japanese mid-tier enterprises and SMEs.
- As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese companies, including mid-tier enterprises and SMEs, in growing markets such as Indonesia by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function.
