News Release
ORIX Ties up with Banks to Provide Guarantee for SDGs Promotion Support Loans for the First Time
Jun 30, 2022
TOKYO, Japan – June 30, 2022 - ORIX Corporation (“ORIX”) announced today that it will provide a new SDGs promotion support-type guarantee service for loans from financial institutions.
ORIX ties up with a total of 192 financial institutions to provide guarantee services for unsecured business loans to companies and sole proprietors. In this new service, ORIX will apply preferential guarantee charge rates to companies and sole proprietors if they sign a declaration on SDGs initiatives predetermined by financial institutions when obtaining loans from these financial institutions.
ORIX entered into a business tie-up with The Shimizu Bank, Ltd. as the first in this service. Shimizu Bank started the “Shimizu SDGs Initiative Support Service” in October 2021, by which it is promoting SDGs activities in the area through supporting its customers’ formulation of SDGs declarations. ORIX will deduct up to 0.1% from general guarantee charge rates for customers who sign the SDGs declarations when they submit new applications for the “Shimizu Business Loans,” Shimizu Bank’s unsecured business loans.
ORIX Group established new ESG-related material issues and key goals*1 last year and is promoting sustainability activities. Through the provision of this service to nation-wide financial institutions, the Group will promote the SDGs initiatives of its customers (companies and sole proprietors) and contribute toward realizing a sustainable society.
Name of service | Shimizu Business Loans |
---|---|
SDGs Business Loans [For general loans] | |
Eligible applicants | - A person who has a declaration etc. on SDGs initiatives predetermined by Shimizu Bank - A person who satisfies the assessment standards of Shimizu Bank |
Loan (Guarantee) limit amount | 50 million yen |
Loan (Guarantee) period | 2 months or more, up to 7 years |
Uses of funds | Working capital, equipment capital |
Collateral | Unnecessary in principle |
Loan interest rates | Interest rates predetermined by Shimizu Bank |
Guarantee charge rates | Up to 0.1% deduction from general guarantee charge rates |
Guarantee institution | ORIX Corporation |
Contact Information:
Investor Relations and Sustainability Department
ORIX Corporation
Tel: +81-3-3435-3121
About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses.
Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 28 countries and regions across the world.
Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society. For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of March 31, 2022)
Caution Concerning Forward Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results that differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “(4) Risk Factors” of the “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2021 – March 31, 2022.”
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