Project ID: 36152

China Development Bank provides $100 million line of credit to Attijariwafa Bank for on-lending to SMEs

Commitment amount

$ 110709523.14084883

Adjusted commitment amount

$ 110709523.14

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Morocco

Sector

Business and other services (Code: 250)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

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

2014-11-28

Description

On November 28, 2014, China Development Bank (CDB) reportedly issued a $100 million line of credit to Attijariwafa Bank — a multinational commercial bank in Morocco — for on-lending to small- and medium-sized enterprises in Morocco. It is not known if any drawdowns took place under this line of credit.

Additional details

1. The largest shareholder (47.77% ownership stake) in Attijariwafa Bank is Société Nationale d'Investissement (SNI or Al Mada), which is a large private Moroccan holding company mainly owned by the Moroccan royal family. 2. The sector code variable has been coded as '320 - Industry, Mining, Construction' based on the definition of the CRS Code 32130.

Number of official sources

2

Number of total sources

6

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Details

Cofinanced

No

Direct receiving agencies [Type]

Attijariwafa Bank [State-owned Bank]

Loan Details

Bilateral loan

Inter-bank loan