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The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) announced today a summary of its business performance and activities in the second quarter (Q2, July–September) of FY2024 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 Investments, and Guarantees
In Q2 FY2024, JBIC made a total of 31 financial commitments, amounting to approximately JPY427.7 billion in loans, equity investments, and guarantees.
２．Disbursements, Repayments, and Outstanding Amounts
Disbursements made by JBIC during Q2 FY2024 amounted to approximately JPY752.9 billion, and repayments received were approximately JPY634.2 billion. As a result, outstanding loans and equity investments totaled approximately JPY15,769.6 billion, and outstanding guarantees were approximately JPY1,388.4 billion with the total outstanding amount for those financial products reaching approximately JPY17,158.1 billion.
Ⅱ. Major Business Activities in Q2 FY2024
１．Contributing toward Realizing Both Carbon Neutrality and Economic Growth
JBIC provided the necessary funds for a wind farm project in India through its government financial institution and for projects related to decarbonization and energy transition implemented by the national oil company in the Emirate of Abu Dhabi in the United Arab Emirates.
２．Support for Securing Japan’s Energy Security, Enhancing Resilience of Supply Chains, and Developing Frontier Industries
(1) Support for Enhancement of Supply Chain Resilience and Overseas M&As of Japanese Companies
JBIC provided the necessary funds for projects and businesses implemented by Japanese companies, including a container train transportation business in India and a manufacturing and sales business of crop protection products in Brazil. In addition, it extended loans to Japanese companies for acquiring a U.S. company that conducts a data center business and an Australian semiconductor company.
(2) Support for Strengthening of International Competitiveness and Overseas Expansion of Japanese Companies through Investments in Fund
JBIC made an additional commitment to a venture capital fund, which was established and invested in by JBIC’s joint venture and others in 2023. The fund, which invests in startups in Northern Europe, aims to support Japanese companies in achieving sustainability transformations through partnerships with them.
(3) Support for Overseas Development and Procurement of Important Resources for Japan
JBIC provided a loan for a gas field development project in Vietnam in which a Japanese company is participating. Natural gas produced from this project will be provided to thermal power plants in the southwest area of the country. Natural gas is important for Vietnam for reducing the proportion of coal used for power generation as it produces less greenhouse gases than other fossil fuels. Additionally, it will contribute to the country’s efforts to achieve carbon neutrality.
3．Support for Overseas Expansion of Japanese MTEs and SMEs with Global Operations
JBIC made a total of 13 financial commitments, aggregating approximately JPY1.1 billion, which included a loan for the manufacture and sale of parts for semiconductor manufacturing equipment in Vietnam, a local currency loan for the manufacture and sale of automotive parts in Thailand, and a guarantee for the portion co-financed by a private financial institution for the manufacture and sale of printed wiring boards in Indonesia.
４．Providing Unique Solutions by Strategically Functioning as International Financial Institution
As a measure to support Ukraine and its neighboring countries, JBIC set up a credit line with an international financial institution to facilitate the reconstruction of Ukraine and the mitigation of climate change in the Black Sea region.
５．Support under the Global Investment Enhancement Facility
JBIC launched the Global Investment Enhancement Facility in July 2022. The facility is intended to support Japanese companies in contributing toward preserving the global environment, including decarbonization, as well as enhancing supply chain resilience, expanding high-quality infrastructure, and creating new overseas markets. In Q2 FY2024, JBIC made a total of 27 financial commitments amounting to approximately JPY401.0 billion in loans and guarantees under this facility.
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