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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 second quarter (Q2, July-September) 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 Q2 FY2021, JBIC made a total of 27 financial commitments, amounting to approximately JPY89.5 billion in loans, equity participation, and guarantees.
2. Disbursements, Repayments and Outstanding Amounts
Disbursements made by JBIC during Q2 FY2021 amounted to approximately JPY289.6 billion and repayments received were approximately JPY370.0 billion. As a result, outstanding loans and equity participation totaled approximately JPY13,396.2 billion and outstanding guarantees were approximately JPY1,771.2 billion, with the total outstanding amount for those financial products reaching approximately JPY15,167.5 billion.
Ⅱ. Major Business Activities in Q2 FY2021
1. Promoting Overseas Resource Development
JBIC provided a loan for the funds required for zirconium oxychloride manufacturing and sales business in Vietnam, 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’ flat rolled metal processing and sales business in the United States, automotive parts manufacturing and sales business in Brazil, and engineering business in India.
(2) Support for the Overseas Expansion of Japanese MTEs and SMEs
JBIC made a total of 18 financial commitments in loans and guarantees, aggregating approximately JPY3.1 billion, which includes a loan for hygiene product sales business in Hong Kong and a local currency denominated loan for automotive parts manufacturing and sales business in Thailand.
3. Supporting Projects in Environmental Sector
JBIC provided a loan for projects in the field of electricity transmission and distribution that contribute toward mitigating environmental impact in Saudi Arabia. JBIC also co-invested with Japanese companies in a fund that invests in climate infrastructure in developing countries.
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. In June 2021, the expiration date of the COVID-19 Emergency Window was extended until December 31, 2021. As of September 2021, JBIC made a total of 90 financial commitments amounting to approximately JPY425.7 billion in loans and guarantees under the Growth Investment Facility in FY2021.