Project ID: 16794

CCB loans Industrial Develop Corporation $50 for lending capacity purposes and recapitalization

Commitment amount

$ 65185750.71

Constant 2017 USD

Summary

Funding agency [Type]

China Construction Bank Corporation (CCB) [State-owned Commercial Bank]

Recipient

South Africa

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Concessional

Vague

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2009

Description

In April 2009, China Construction Bank loaned $50 million USD to the Industrial Development Corporation to increase IDC's lending capacity in general and also recapitalize its export finance loan book.

Number of official sources

1

Number of unofficial sources

1

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Industrial Development Corporation (IDC) [State-owned Company]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No