- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
September 28, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed*1 an agreement in the amount of up to about USD394 thousand (JBIC portion) based on a previously signed credit line*2 for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs) 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 USD579 thousand.
The individual loan agreement signed under this credit line will secure funding from BMUL in lease financing for the facilities required to conduct the automobile parts manufacturing and sales business of THAI IKEDA KAKINUMA CO., LTD., a Thai subsidiary of IKEDA Manufacturing Co., Ltd. (headquarters: Gunma Prefecture).
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 and need to utilize financing leases, as Japanese mid-tier enterprises and SMEs make capital investments. The loan under the credit line will provide long-term foreign currency funds flexibly for finance leases required by the 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.
- *1 This agreement was signed on September 18, 2015, and the press release issued today.
- *2 See Press Release on April 1, 2014.