- Region: Others
The Japan Bank for International Cooperation (JBIC, Governor: MAEDA Tadashi) announced today the summary of its business performance and activities in the first quarter (April-June) 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 Q1 FY2020, JBIC made a total of 22 financial commitments amounting to approximately JPY250.3 billion in loans, equity participation, and guarantees.
2. Disbursements, Repayments and Outstanding Amounts
Disbursements made by JBIC during Q1 FY2020 amounted to approximately JPY329.3 billion and repayments received were approximately JPY537.3 billion. As a result, outstanding loans and equity participation totaled approximately JPY13,003.1 billion and outstanding guarantees were approximately JPY2,275.3 billion, with the total outstanding amount for those financial products reaching approximately JPY15,278.4 billion.
Ⅱ. Major Business Activities in Q1 FY2020
1. Maintaining and Increasing International Competitiveness of Japanese Industries
(1) Support for Strategic Overseas Business Expansion of Japanese Companies
JBIC provided a local currency denominated loan for the automotive tire manufacturing and sales business of a Japanese company in South Africa and supported another Japanese company to acquire a Spanish company which researches, develops, manufactures, and sells generic medicines mainly in Europe. Also, JBIC provided a guarantee for a Japanese company to obtain financing from private financial institutions to import aircraft.
(2) Support for Overseas Expansion of Japanese MTEs and SMEs
JBIC made a total of 15 financial commitments in loans and guarantees, aggregating approximately JPY2.5 billion, which includes local currency denominated loans for automotive parts manufacturing and sales businesses in Thailand and Indonesia.
2. Supporting Projects in the Environmental Sector
JBIC invested in a Japanese startup's business to provide ancillary services using next generation batteries to adjust electric power supply in the island of Ireland, and in another project, JBIC co-invested with a Japanese company to support operation of hydrogen stations in the State of California, United States. Also, JBIC signed a memorandum of understanding with the International Finance Corporation for projects such as those in the environmental and infrastructure sectors in developing countries.
3. Other Financing Support
In response to the impact of COVID-19, JBIC established the Emergency Window for Overcoming the COVID-19 Crisis ("COVID-19 Emergency Window") under the Growth Investment Facility.