The Japan Bank for International Co-operation (JBIC) and Sumitomo Mitsui Banking Corporation (SMBC) have teamed up to open two lines of credit.

The first loan has a combined worth of US$30mn and has been made to SMFL Leasing Indonesia, a regional subsidiary of Sumitomo Mitsui Finance and Leasing Company. The money will be used to support the exports of Japanese SMEs. JBIC contributed US$21mn to the kitty, with SMBC picking up the rest.

The smaller of the two is a ¥‎46.9mn (approximately US$662,000) line opened with Japan Chemical Engineering and Machinery (JCEM)’s Vietnamese subsidiary. The finance will be used to expand JCEM’s plant engineering business, which produces equipment imported by Japanese businesses.