Kyushu Financial Group,Inc. and Development Bank of Japan will establish a new program to support recovery and reconstruction following the Kumamoto earthquake. The program aims to strengthen the business continuity capabilities of affected companies through a total of ¥10 billion in loans and investments, together with hands-on support.
Kyushu FG and Development Bank of Japan will launch the Kumamoto Earthquake Reconstruction Collaborative Program to support recovery and reconstruction following the Kumamoto earthquake. The program will total ¥10 billion and aims to strengthen the business continuity capabilities of affected companies by combining loans and investments with hands-on support.
Higo Bank and 鹿児島銀行, both subsidiaries of Kyushu FG, will establish the framework for implementing the program jointly with DBJ. Eligible companies will include those whose facilities or stores were damaged by the earthquake, as well as those whose demand declined due to disruptions to logistics, suspended operations or reputational damage.
Although the article does not provide details of the specific support, the program is expected to help stabilize affected companies' cash flow and resume operations through loans, investments and parallel support.
As the article is available only to members, further details are published in the paid article.