- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
June 19, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement in the amount of up to about USD1,158 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 Bangkok Mitsubishi UFJ Lease Co., Ltd. (BMUL), a Thai subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL). The loan is cofinanced with a private financial institution, bringing the total cofinancing amount to about USD1,703 thousand.
The individual loan agreement signed under this credit line will secure funding from BMUL for lease financing the facilities required to conduct the metal surface treatment business by NIPPON FUSSO (THAILAND) CO., LTD., a Thai subsidiary of NIPPON FUSSO CO., LTD. (headquarters: Osaka).
In recent years, against the backdrop of steady economic growth in Thailand, Japanese companies have been accelerating their business expansion, with mid-tier enterprises and SMEs showing growing intentions to invest in the country. Accordingly, there is increasing interest and need to utilize financing leases, as Japanese mid-tier enterprises and SMEs make capital investments. Loans under the credit line will provide long-term foreign currency funds flexibly for finance leasing required by business operations of mid-tier enterprises and SMEs conducted in Thailand and other countries, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs. Thereby, this 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 mid-tier enterprises and SMEs, with a view to maintaining and strengthening the international competitiveness of Japanese industries.