- Region: Latin America and the Caribbean
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
April 17, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement, amounting up to approximately USD2,299 thousand (JBIC portion) with The Bank of Yokohama, Ltd., based on the 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 TECHNO STATE, S.A. DE C.V., a Mexican subsidiary of Techno State Co., Ltd. (Headquarters: Kanagawa Prefecture) in financing the manufacturing and sales business of automobile parts.
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 the 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 mid-tier enterprises and SMEs, by collaborating with regional financial institutions in light of maintaining and strengthening the international competitiveness of Japanese industries.