Overview

China Construction Bank (Astana Branch) provides $100 million loan to Development Bank of Kazakhstan for general corporate purposes

Commitments (Constant USD, 2023)$94,491,913

Commitment Year•2022Country of Activity•KazakhstanDirect Recipient Country of Incorporation•KazakhstanOverseas Jurisdiction•KazakhstanSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 14, 2022

End (planned): May 1, 2025

Last repayment (originally scheduled): May 11, 2025

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

China Construction Bank Corporation (CCB)

Receiving agencies

State-owned Banks

Development Bank of Kazakhstan JSC (Baiterek or DBK)

Loan description

China Construction Bank (Astana Branch) provides $100 million loan to Development Bank of Kazakhstan for general corporate purposes

Interest type•UnknownMaturity•2.66 years

Narrative

Full Description

Project narrative

On September 14, 2022, the Development Bank of Kazakhstan (DBK) entered into a $100 million credit facility agreement with the Astana Branch of China Construction Bank Corporation for general corporate purposes. The credit facility carries a 2.66-year maturity, with a final maturity date in May 2025. The aggregate principal amount outstanding under the credit facility was $100 million as of December 31, 2023, and remained at $100 million as of June 30, 2024.