- Region: Asia
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
September 25, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to approximately USD794 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 private financial institutions.
The individual loan agreement signed under this credit line will secure funding from SMFLIN in lease financing for the facilities required by PT. Surteckariya Indonesia, an Indonesian subsidiary of SURTECKARIYA Co., Ltd. (Headquarters: Aichi Prefecture), to conduct its automobile parts surface treatment business.
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 also showing growing interest in investing in the country. Accordingly, demand for finance leases for capital investment by Japanese mid-tier enterprises and SMEs is growing. The loans under the credit line will provide long-term foreign currency funds flexibly for finance leases required for 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, contributing 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.