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The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) announced today a summary of its business performance and activities in the first quarter (Q1, April-June) 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 Q1 FY2021, JBIC made a total of 69 financial commitments, amounting to approximately JPY423.6 billion in loans, equity participation, and guarantees.
2. Disbursements, Repayments and Outstanding Amounts
Disbursements made by JBIC during Q1 FY2021 amounted to approximately JPY305.5 billion and repayments received were approximately JPY928.3 billion. As a result, outstanding loans and equity participation totaled approximately JPY13,369.6 billion and outstanding guarantees were approximately JPY1,792.6 billion, with the total outstanding amount for those financial products reaching approximately JPY15,162.2 billion.
Ⅱ. Major Business Activities in Q1 FY2021
1. Promoting Overseas Resource Development
JBIC provided a loan for the funds required for an oil field development project in Italy, 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’ information and communications business and automobile and materials handling equipment sales finance business in the United States, automotive steel sheets manufacturing and sales business in Mexico, and FPSO operation and maintenance service business in Brazil. JBIC also co-invested with a Japanese company in a fund that invests in advanced technology companies mainly in Silicon Valley.
(2) Support for the Overseas Expansion of Japanese MTEs and SMEs
JBIC made a total of 37 financial commitments in loans and guarantees, aggregating approximately JPY5.2 billion, which includes local currency denominated loans for manufacturing and sales business of aluminum parts of industrial equipment in Thailand and automotive parts manufacturing and sales business in Indonesia.
3. Supporting Projects in Environmental Sector
JBIC provided a loan for the expansion of a Japanese company’s afforestation and woodchip manufacturing and sales project in Brazil.
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. In June 2021, the expiration date of the COVID-19 Emergency Window was extended until December 31, 2021. As of June 2021, JBIC made a total of 66 financial commitments amounting to approximately JPY393.6 billion in loans and guarantees under the Growth Investment Facility in FY2021.