- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
October 21, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today an agreement in the amount of up to approximately USD182 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 Bank of Ayudhya Public Company Limited (Krungsri), a Thai subsidiary of The Bank of Tokyo-Mitsubishi UFJ Ltd.
The loan agreement signed under this credit line will provide part of the equipment funds needed for the processing and sales business of electronics and electronic components conducted by Sagami PCI (Thailand) Co., Ltd, a Thai subsidiary of Sagami PCI Corp. (headquarters: Kanagawa Prefecture).
In recent years, Japanese companies have been accelerating their business expansion in Thailand, with mid-tier enterprises and SMEs showing growing intentions to invest in the country. Accordingly, there is increasing interest and need for the utilization of medium- and long-term funds for capital investments by such mid-tier enterprises and SMEs. The loan under the credit line, through Krungsri, will flexibly provide the medium- and long-term funds required by their business operations in Thailand, 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.