- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
Octorber 22, 2015
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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) today signed an agreement in the amount of USD490 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 The Hokuriku Bank, Ltd.
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This loan agreement will provide funds necessary for the clothing production and sales business conducted by MT GARMENT VIETNAM CO., LTD., a Vietnamese subsidiary of Maegaki Co., Ltd (Headquarters: Ishikawa prefecture).
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The loan under the credit line will flexibly provide, through a Japanese financial institution, long-term foreign currency funds required by the business operations of mid-tier enterprises and SMEs conducted in developing regions, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs. This will thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries.
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As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese mid-tier enterprises and SMEs in collaboration with regional financial institutions in Japan, with a view to maintaining and strengthening the international competitiveness of Japanese industries.