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16 December 2011

Reorganisation and relocation at JBIC

The Japan Bank for International Cooperation is set to re-emerge as a standalone entity following its spin-off from the Japan Finance Corporation in 2012. The bank’s financial operations had been merged with domestic institutions serving smaller businesses and agriculture in 2008, nine years after it was formed from the Export-Import Bank of Japan. The spin-off is set to take place in 2012.
JBIC had been an aggressive supporter of Japanese utilities’ and sponsors’ expansion overseas by developing products such as acquisition, subordinated and portfolio facilities under its overseas untied loan programme. More recently it has focused on direct lending, with Nexi concentrating on export-linked coverage for commercial lenders. Lenders familiar with both institutions say that it is possible that JBIC and Nexi could offer overlapping suites of products.

Following JBIC’s closing of its representative office in Hong Kong, Ryuichi Kaga, JBIC’s resident executive officer...

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