- Region: Others
The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) announced today a summary of its business performance and activities in the third quarter (October-December) of FY2020 as outlined below. Details of financial commitment amounts by financial product can be found in the PDF files provided in this press release.
Ⅰ. Loans, Equity Participation and Guarantees
1. Financial Commitments
In Q3 FY2020, JBIC made a total of 58 financial commitments amounting to approximately JPY906.0 billion in loans, equity participation, and guarantees.
2. Disbursements, Repayments, and Outstanding Amounts
Disbursements made by JBIC during Q3 FY2020 amounted to approximately JPY790.4 billion and repayments received were approximately JPY911.4 billion. As a result, outstanding loans and equity participation totaled approximately JPY12,972.2 billion and outstanding guarantees were approximately JPY2,033.5 billion, with the total outstanding amount for those financial products reaching approximately JPY15,005.7 billion.
Ⅱ. Major Business Activities in Q3 FY2020
1. Promoting Overseas Resource Development
1. JBIC provided loans for the funds required for oil field development projects in which a Japanese company is participating in the Emirates of Abu Dhabi, the United Arab Emirates.
2. Maintaining and Improving International Competitiveness of Japanese Industry
(1) Support for Strategic Overseas Business Expansion of Japanese Companies
JBIC provided loans for automobile sales finance business of Japanese companies in the United States and Brazil, and for local manufacturing and sales business comprising the supply chains of Japanese automobile manufacturers through the State Bank of India. JBIC also provided project financing for a long-term FPSO*1 operation project in Brazil. To support overseas M&As, JBIC provided loans to Japanese companies for acquiring a Swiss company’s power grid business and for acquiring a real estate finance company in the United States.
(2) Support for Overseas Expansion of Japanese MTEs and SMEs
JBIC made a total of 27 financial commitments in loans and guarantees, aggregating approximately JPY4.9 billion, which includes local currency denominated loans for automotive parts manufacturing and sales business in Thailand and metal heat treatment process business in China.
3. Supporting Projects in Environmental Sector
As a part of the GREEN*2 operations, JBIC signed a loan agreement for a credit line for environment-related projects with Banco Nacional de Comercio Exterior, S.N.C., Institución de Banca de Desarrollo (BANCOMEXT).
4. Other Financing Support
JBIC established the Growth Investment Facility*3 in January 2020 and added the Emergency Window for Overcoming the COVID-19 Crisis (the COVID-19 Emergency Window) in April 2020 to support overseas businesses of Japanese companies. As at December 2020, JBIC made a total of 126 financial commitments amounting to approximately JPY1,675.7 billion in loans and guarantees under the Growth Investment Facility in FY2020.
The Growth Investment Facility was restructured on January 29, 2021 (see Announcement). Prior to the restructuring, the Growth Investment Facility consisted of three windows: the Facility Window for the Development of Quality Infrastructure for Environmental Preservation and Sustainable Growth (the QI-ESG Window), the Facility Window for Supporting Japanese Companies’ Overseas Business Expansion (the Overseas Business Expansion Window), and the Emergency Window for Overcoming the COVID-19 Crisis (the COVID-19 Emergency Window). The financial commitments made under the Growth Investment Facility as at December 2020 are under the facility prior to the restructuring.