Project ID: 33414

China Development Bank provides $49 million loan to Sri Lanka’s Hatton National Bank

Commitment amount

$ 47611431.64

Constant 2017 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Sri Lanka

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Concessional

Vague

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

2013

Description

In June 2013, China Development Bank agreed to provide a $49 million loan to Hatton National Bank for on-lending related to trade-related, long-term project financing activities. The maturity of the loan was 5 years. Other loan details are unknown. The agreement was signed by Dr Ranee Jayamaha, Chairperson, and Mr. Jonathan Alles,

Additional details

Several sources refer to a second CDB loan to Hatton National Bank. However, no information could be found on the size, purpose, or terms of this loan.

Number of official sources

5

Number of unofficial sources

4

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Details

Cofinanced

No

Receiving agencies [Type]

Hatton National Bank [Private Sector]

Loan type

Some Information

Maturity

5 years

Gurarantee provided

No

Insurance provided

No