- 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 (Q3, October-December) of FY2021 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 FY2021, JBIC made a total of 93 financial commitments, amounting to approximately JPY1,472.1 billion in loans, equity participation, and guarantees.
2. Disbursements, Repayments and Outstanding Amounts
Disbursements made by JBIC during Q3 FY2021 amounted to approximately JPY1,000.6 billion and repayments received were approximately JPY661.1 billion. As a result, outstanding loans and equity participation totaled approximately JPY14,020.3 billion and outstanding guarantees were approximately JPY1,754.6 billion, with the total outstanding amount for those financial products reaching approximately JPY15,774.9 billion.
Ⅱ. Major Business Activities in Q3 FY2021
1. Promoting Overseas Resource Development
JBIC provided a loan for the funds required for additional development of a copper mine development project in Peru in which a Japanese company is participating.
2. Maintaining and Improving International Competitiveness of Japanese Industry
(1)Support for Strategic Overseas Business Expansion of Japanese Companies
JBIC provided loans for the funds required for Japanese companies’ medical device manufacturing and sales business in Vietnam and synthetic structural protein material manufacturing business in the United States. JBIC also supported overseas M&As, including a loan to a Japanese company for the purchase of a British analog semiconductor company.
(2) Support for the Overseas Expansion of Japanese MTEs and SMEs
JBIC made a total of 47 financial commitments in loans and guarantees, aggregating to approximately JPY6 billion, which includes a loan for a computer software development and sales business in Vietnam and a local currency denominated loan for a scientific glassware and equipment business in the United Kingdom.
3. Supporting Projects in the Environmental Sector
JBIC provided loans for a hydrogen station construction and operation business in the United States and a solar PV project in Australia.
4. Other Financing Support
JBIC established the Growth Investment Facility 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 affected by COVID-19. (The offering period of the Window ended on December 31, 2021.) As of December 2021, JBIC made a total of 174 financial commitments amounting to approximately JPY1,365.1 billion in loans and guarantees under the Growth Investment Facility in FY2021.