Oct.20.2008

Japanese Bankers Association

Agreement to Provide Easier Credit to SMEs

The Board of Directors Meeting held on October 21 agreed that banks would earnestly respond to the credit needs of customers to smooth out the lending process and availability of loans.

This agreement was made since society expects the banking industry to play the proper role of a financial intermediary and respond smoothly to the credit needs of small and medium-sized enterprises (SME) under the current economic environment, particularly regarding SMEs. This agreement was reached despite banks having worked to ensure smoother lending procedures by introducing various lending products and packages.