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Local banks collaborate to establish a new fund to rebuild typhoon-affected companies

2019-12-06T06:05:06.163Z

Many regional banks will work together to support the recovery from the typhoon damage. Kanto Koshinetsu and about 20 local banks in Tohoku ...



Local banks will collaborate to establish a new fund to rebuild typhoon-affected companies December 6th 15:01

Many regional banks will work together to support the recovery from the typhoon damage. Kanto Koshinetsu and approximately 20 regional banks in Tohoku have jointly established a new fund, which will fund the SMEs affected by the disaster and help rebuild the business.

In Typhoon No.15 and Typhoon No.19 in October, production facilities of many companies, especially Kanto Koshinetsu and Tohoku, were damaged, and suppliers were damaged and parts could not be procured. The activity was greatly affected.

In order to support companies affected by about 20 regional banks such as Nakayokohama Bank, Shizuoka Bank, Joyo Bank, Hachijuni Bank, and Toho Bank, a new fund jointly with the `` Regional Economic Revitalization Support Organization '' funded by the government Will be established.

The fund is worth billions of yen, and is expected to be the largest fund for regional banks to support recovery from disasters.

Regional banks in each region will invest in companies affected by the disaster through funds, and provide financial support to companies with “double loan” problems that require new debts, such as rebuilding factories, before completing loan repayment. I have decided.

We are also considering using the network of regional banks to introduce business partners to companies, and dispatching specialists who are familiar with management to encourage recovery.

Source: nhk

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