Overview

CDB provides RMB-denominated revolving credit facility (RCF) to Maybank for on-lending purposes

Commitment Year•2023Country of Activity•MalaysiaDirect Recipient Country of Incorporation•MalaysiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 18, 2023

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 Policy Banks

China Development Bank (CDB)

Receiving agencies

Private Sector

Malayan Banking Berhad (Maybank)

Loan description

CDB provides RMB-denominated revolving credit facility (RCF) to Maybank for on-lending purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

On October 18, 2023, China Development Bank (CDB) signed an RMB-denominated revolving credit facility agreement with Malayan Banking Berhad (Maybank) for on-lending purposes. The face value and borrowing terms of the loan are unknown.

Staff comments

1. Malayan Banking Berhad (Maybank) is a Malaysian bank, with key operating 'home markets' of Malaysia, Singapore, and Indonesia. Amanah Raya, a trust company controlled by the Malaysian government, owns over 45% of Maybank. 2. More research is needed to identify the face value and borrowing terms of the CDB loan (RCF).