Overview

Bank of China provides a $120 million USD loan to Woori Bank for unspecified purposes

Commitments (Constant USD, 2023)$166,478,132

Commitment Year•2009Country of Activity•KoreaDirect Recipient Country of Incorporation•KoreaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 22, 2009

Last repayment (originally scheduled): Jan 22, 2010

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

Bank of China (BOC)

Receiving agencies

State-owned Banks

Woori Bank Co., Ltd.

Loan description

Bank of China provides a $120 million USD loan to Woori Bank for unspecified purposes

Interest type•UnknownMaturity•1 years

Narrative

Full Description

Project narrative

On or around January 22, 2009, the Bank of China (BOC) entered into a $120 million USD loan agreement with Woori Bank Co., Ltd. — a South Korean multinational bank headquartered in Seoul wholly-owned by South Korea-based Woori Finance Holdings Co., Ltd., a financial services company based in Seoul and listed on the Korea Exchange, majority-owned by South Korean state-owned deposit corporation Korea Deposit Insurance Corporation (KDIC) (73% stake) — for unspecified purposes. This loan carried a maturity period of one year.