- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
August 20, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement in the amount of up to about USD159 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 PT. SMFL Leasing Indonesia (SMFLIN), an Indonesian subsidiary of Sumitomo Mitsui Finance and Leasing Company, Limited. The loan is cofinanced with a private financial institution.
The individual loan agreement signed under this credit line will secure funding from SMFLIN in lease financing for the facilities required to conduct the plastic injection moldings manufacturing and sales business of PT. Global Shinsei Indonesia, a subsidiary of Shinsei Kagaku Kougyo Co., Ltd. (Headquarters: Shiga Prefecture).
In recent years, against the background of robust economic growth in Indonesia, 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 for utilizing finance leases, for capital investments by Japanese mid-tier enterprises and SMEs. The loans under the credit line will flexibly provide long-term foreign currency funds for finance leases required by the business operations of mid-tier enterprises and SMEs in Indonesia 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.