Overview

ICBC Standard Bank Plc provides UZS 367.5 billion loan to Xalq Bank for commercial purposes

Commitments (Constant USD, 2023)$31,950,737

Commitment Year•2021Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanOverseas Jurisdiction•United KingdomSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 1, 2021

First repayment (originally scheduled): May 1, 2021

Last repayment (originally scheduled): May 1, 2022

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

ICBC Standard Bank PLC

Receiving agencies

State-owned Banks

Xalq Banki

Loan description

ICBC Standard Bank Plc provides UZS 367.5 billion loan to Xalq Bank for commercial purposes

Interest type•UnknownMaturity•1 years

Narrative

Full Description

Project narrative

In May 2021, Xalqi Banki — an Uzbek state-owned bank — and ICBC Standard Bank Plc signed an UZS 367,543,000,000 loan agreement for commercial purposes. The loan carried a 1-year maturity. Its other borrowing terms are unknown.

Staff comments

1. Xalq Bank of the Republic of Uzbekistan is a state-owned bank.