- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 14, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to approximately USD622 thousand (JBIC portion) with PT. SMFL Leasing Indonesia (SMFLIN), an Indonesian subsidiary of Sumitomo Mitsui Finance and Leasing Company, Limited. This agreement is 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 SMFLIN. The loan is cofinanced with private financial institutions.
The individual loan agreement signed under this credit line will secure funding from SMFLIN in lease financing for facilities required by PT. Surteckariya Indonesia, an Indonesian subsidiary of SURTECKARIYA Co., Ltd. (Headquarters: Aichi Prefecture), to conduct its automobile parts surface treatment business.
In recent years, against the background of robust economic growth in Indonesia, Japanese companies have been accelerating their business expansion, with mid-tier enterprises and SMEs also showing a growing interest in investing in the country. Accordingly, demand and interest for finance leases for capital investment by Japanese mid-tier enterprises and SMEs are growing. Loans under the credit line will flexibly provide long-term foreign currency funds required for finance leases of such mid-tier enterprises and SMEs, 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.