- Region: Others
The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) announced today a summary of its business performance and activities in the first quarter (Q1, April-June) of FY2022 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 FY2022, JBIC made a total of 42 financial commitments, amounting to approximately JPY84.8 billion in loans, equity participation, and guarantees.
2. Disbursements, Repayments, and Outstanding Amounts
Disbursements made by JBIC during Q1 FY2022 amounted to approximately JPY224.3 billion and repayments received were approximately JPY520.4 billion. As a result, outstanding loans and equity participation totaled approximately JPY16,135.9 billion and outstanding guarantees were approximately JPY1,754.3 billion, with the total outstanding amount for those financial products reaching approximately JPY17,890.2 billion.
Ⅱ. Major Business Activities in Q1 FY2022
Through the Post-COVID-19 Growth Facility*1 established with the purpose of transforming the economic structure and realizing a virtuous circle for the post-COVID-19 era, JBIC supported Japanese companies in the overseas expansion of high-quality infrastructure to achieve a decarbonized society and in the enhancement of supply chain resilience. In Q1 FY2022*2 , JBIC made a total of 25 financial commitments amounting to approximately JPY42.4 billion in loans and guarantees under the Post-COVID-19 Growth Facility.
On June 30, 2022, the "Cabinet Order for Partial Revision to the Enforcement Order of the Japan Bank for International Cooperation Act" came into effect. This revision expanded the eligible sectors for JBIC in export loans for the export of Japanese products to developed countries and overseas investment loans for projects in developed countries to include the fields of decarbonization, supply chain resilience, and innovation.
1. 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' sputtering target*3 manufacturing and sales business in the United States, automobile manufacturing business in Indonesia, and acquisition of shares in a construction contractor in the United States. JBIC also supported Japanese companies' export of container cranes for a Turkish port and vessels to Taiwan.
(2) Support for the Overseas Expansion of Japanese MTEs and SMEs
JBIC made a total of 19 financial commitments in loans and guarantees, aggregating approximately JPY1.9 billion, which includes loans for automotive parts manufacturing and sales business in India and commissioned business of cosmetics evaluation and test in France and local currency denominated loans for plastics manufacturing business in Thailand and Vietnam.
2. Addressing Global Issues
JBIC provided a loan for a Japanese company's energy saving service business for Japanese affiliates in Thailand and a loan for supporting the healthcare sector related to COVID-19 in India through India's policy-based financial institution. JBIC also signed a memorandum of understanding with a Norwegian company on strategic cooperation in the sector of using ammonia as a fuel source and another memorandum of understanding with Colombia's state-owned oil company to strengthen cooperation in a variety of sectors including the supply chain of hydrogen and ammonia.
The Post-COVID-19 Growth Facility was offered until June 30, 2022, and the Global Investment Enhancement Facility was launched on July 1, 2022. See Announcement on July 1, 2022
Sputtering targets are high-purity, homogeneous metal materials, which are essential for manufacturing semiconductor circuits and other products. As the demand for semiconductors and other products are growing, sputtering targets are important materials for industry in general.