Overview

China Development Bank lends $150 million to Peru's Banco de Credito

Commitments (Constant USD, 2023)$170,474,572

Commitment Year•2011Country of Activity•PeruDirect Recipient Country of Incorporation•PeruSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 28, 2011

Last repayment (originally scheduled): Nov 26, 2016

Geospatial footprint

Map overview

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China Development Bank lends $150 million to Peru's Banco de Credito. More detailed locational information can be found at: https://www.openstreetmap.org/node/6016071511

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 Policy Banks

China Development Bank (CDB)

Receiving agencies

Private Sector

Banco de Crédito del Perú S.A.

Loan desecription

China Development Bank lends $150 million to Peru's Banco de Credito

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

On November 28, 2011, Banco de Crédito del Perú (BCP) and China Development Bank signed a loan agreement of $150 million payable over five years. This loan contract was signed by BCP's Central Manager of Planning and Finance, Alvaro Correa, and the representative of CDB International Cooperation, Li Jianye. The loan was expected to contribute to increasing international trade between Peru and China with a cooperation agreement aimed at channeling Chinese investments in Peru through the BCP.

Staff comments

1. May be linked to Record ID#36352. This issue requires further investigation.