Daiwa Trust increases commitment line contract with Aichi Bank *Daiwa Trust Co., Ltd.*
Press release: September 4, 2024
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Daiwa Trust increases commitment line contract with Aichi Bank Daiwa Trust Co., Ltd. (Headquarters: Shibuya-ku, Tokyo/Osaka City, Osaka Prefecture), which develops asset value co-creation businesses that utilize the real estate and construction fields, etc.
Representative Director and CEO: Masaaki Fujiwara (hereinafter referred to as the “Company”) would like to inform you that we have increased the number of commitment line contracts with Aichi Bank, Ltd. (Head office: Nagoya City, Aichi Prefecture) on Friday, August 30, 2024. .
■What is the commitment line?
A contract between a financial institution and a company (customer) in which the financial institution promises (commits) to provide a loan based on the customer’s request within a preset period and loan limit.
■Purpose of commitment line contract
In order to respond to changes in the business environment, our company has concluded a commitment line with the aim of securing flexible and stable financing methods and further stabilizing our financial base. Also, one year has passed since our company opened its Nagoya branch in June 2023, and we are aiming to further expand our business in the Chukyo area, including Nagoya city.
■Summary of commitment line contract
Due to the increase, the maximum loan amount has been changed.
Maximum loan amount: 200 million yen
Contract partner: Aichi Bank, Ltd.
Through our business, we will continue to enrich the lives of our customers, business partners, and employees.
We will continue to work wholeheartedly to contribute to the further development of Japan and other countries around the world, and to continue to spread happiness.