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Individual Loan Agreement Based on Credit Line for Hiroshima Bank
Supporting Overseas Business Deployment of Mid-Tier Enterprises and SMEs in Collaboration with Regional Financial Institutions

  • Region: Latin America and the Caribbean
  • Manufacturing and Services
  • Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
  • Overseas Investment Loans
 
December 29, 2015
  1. The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement in the amount of approximately USD11,812 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 Hiroshima Bank, Ltd.
     
  2. This loan agreement will provide the funds necessary for the automotive parts manufacturing and sales business conducted by HIRUTA MEXICO, S.A. DE C.V. (HMX), a Mexican subsidiary of HIRUTA KOGYO CO., LTD (Headquarters: Okayama Prefecture). *2
     
  3. The loan under the credit line will flexibly provide, through a Japanese financial institution, long-term foreign currency funds required for 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 loan will thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries.
     
  4. 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.
Note
  1. *1 See Press Release on January 15, 2015.
  2. *2 JBIC signed a loan agreement in the amount of USD8,000 thousand in March 2014 to provide funds for the establishment of HMX. See the Press Release on March 13, 2014 for details.

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