- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
April 3, 2015
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement, amounting to USD700 thousand (JBIC portion) with The Bank of Yokohama, Ltd. (the Bank of Yokohama), based on a credit line*1 previously signed for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (collectively SMEs).
The loan under the credit line is intended to provide necessary funding to VS ASIA PACIFIC LIMITED, a Hong Kong subsidiary of VS Technology Corporation (Headquarters: Tokyo) a manufacturer of specialized optical lenses.
Under the credit line, JBIC will support the overseas business deployment of Japanese SMEs, by providing adequate and rapid response to their financial needs for overseas business deployment in developing regions and extending long-term funds in local currency through Japanese financial institutions. Thus, this loan will 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 companies including SMEs, by collaborating with regional financial institutions in light of maintaining and strengthening the international competitiveness of Japanese industries.