- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
July 13, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed an agreement on July 10 of up to about USD1,369 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 USD2,013 thousand.
The individual loan agreement signed under this credit line will secure funding from BMUL in lease financing for facilities required by Nihon Shinkan (Thailand) Co., Ltd., a Thai subsidiary of Nihon Shinkan Co., Ltd. (headquarters: Saitama Prefecture) to conduct its aluminum products manufacturing and sales business.
In recent years, against the background of robust 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 in, and need to utilize, financing leases, as Japanese mid-tier enterprises and SMEs make capital investments. The loan under the credit line will flexibly provide long-term foreign currency funds for finance leases required by business operations of mid-tier enterprises and SMEs 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.