These partnerships were prompted by the memorandum of understanding sealed by BDO with the Japan Bank for International Cooperation (JBIC) in March, essentially promoting the development and strengthening of a framework to support Japanese mid-tier companies as well as SMEs through Japanese regional financial institutions.
The JRBs, strategically situated in the various prefectures of the world’s third largest economy, will serve as conduits for their SME clients that will be requiring banking support when they decide to set up shop in the country. They are composed of Hokuto Bank Ltd, Shonai Bank Ltd, Joyo Bank Ltd, Chiba Kogyo Bank Ltd, Juroku Bank Ltd, Awa Bank Ltd, and Daisan Bank Ltd.
As one of the country’s leading financial institutions, BDO can provide the Japanese SMEs financial and non-financial advisory services, and other products that can aid them in their expansion.
The Bank continues to collaborate closely with JBIC to explore more tie-ups and potentially assist the Japanese SMEs to establish operations throughout the Philippines, including the special economic zones.