- Region: Others
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
July 16, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today, a general agreement for a credit line for supporting mid-tier enterprises and small and medium-sized enterprises (SMEs) by funding their overseas business deployment with The Hokuriku Bank, Ltd. (Hokuriku Bank). The credit line amount is up to USD30 million.
This credit line is intended to provide mid- and long-term funds in U.S. dollars to mid-tier enterprises and SMEs and their overseas subsidiaries through Hokuriku Bank by offering a credit line for supporting Japanese mid-tier enterprises and SMEs by funding their overseas business deployment in developing countries.
In recent years, economic globalization has accelerated and emerging countries, including those in the Asian region, have achieved rapid economic growth. Given these conditions, many Japanese companies, including mid-tier enterprises and SMEs, are speeding up their overseas business deployment in order to capture the expanding overseas demand. At the same time, the need for funding in U.S. dollars is increasing.
Given these circumstances, JBIC will provide an adequate and rapid response to their financial needs for overseas business deployment by extending mid- and long-term funds in U.S. dollars through Hokuriku Bank which has a main business base and a wide range of business relationships with Japanese mid-tier enterprises and SMEs in the Toyama Prefecture area and actively supports their overseas business deployment.
As Japan's policy-based financial institution, JBIC will continue to financially support the overseas business deployment of Japanese companies, including mid-tier enterprises and SMEs, by collaborating with private financial institutions in light of maintaining and strengthening the international competitiveness of Japanese industries.