- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 11, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement in the amount of up to approximately USD146 thousand (JBIC portion) with Bangkok Mitsubishi UFJ Lease Co., Ltd. (BMUL), a Thai subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL). This is an individual loan agreement based on a credit line*1 for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs), previously signed with BMUL. The loan is cofinanced with a private financial institution, bringing the total cofinancing amount to approximately USD216 thousand.
This loan will secure funding from BMUL in lease financing for facilities required by Thai Tsuzuki Co., Ltd., a Thai subsidiary of TSUZUKI MANUFACTURING CO., LTD. (Headquarters: Nagano prefecture), to conduct its automotive parts manufacturing and sales business.
In recent years, Thailand has seen an increasing number of Japanese companies enter the market, with Japanese mid-tier enterprises and SMEs also showing a growing interest in investing in the country. Accordingly, interest and demand for finance leases for capital investment by these mid-tier enterprises and SMEs are growing. Loans under the credit line will flexibly provide long-term foreign currency funds for finance leases required for the business operations of such companies in Thailand, 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.