- Region: Others
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
September 30, 2015
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a general agreement with The Hyakujushi Bank, Ltd. (Hyakujushi Bank; President: Tomoki Watanabe) for a credit line to support the overseas business deployment of mid-tier enterprises and small and medium-sized enterprises (SMEs). The credit line amount is up to USD50 million.
This credit line is intended to provide medium- and long-term funds in U.S. dollars to mid-tier enterprises and SMEs and their overseas subsidiaries through Hyakujushi Bank, thereby supporting Japanese mid-tier enterprises and SMEs in funding their overseas business deployment in developing countries.
Against the backdrop of recent economic globalization and the thriving economies in emerging countries, such as those in the Asian region, many Japanese companies, including mid-tier enterprises and SMEs, are implementing foreign direct investment in order to capture the expanding overseas demand. The need for funding in U.S. dollars is therefore increasing at the same time.
In response to these circumstances, JBIC will provide an adequate and timely response to their financial needs for overseas business deployment by extending medium- and long-term funds in U.S. dollars through Hyakujushi Bank, which has its main business base in Kagawa prefecture and a wide range of business relationships with Japanese mid-tier enterprises and SMEs in the Shikoku region and actively supports their overseas business development.
As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese companies, including mid-tier enterprises and SMEs, by collaborating with private financial institutions to maintain and strengthen the international competitiveness of Japanese industries.