Overview

China Eximbank provides $817,800 buyer’s credit loan to UkrPromBank to finance import of Chinese goods

Commitments (Constant USD, 2023)$1,534,615

Commitment Year•2006Country of Activity•UkraineDirect Recipient Country of Incorporation•UkraineSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2006

Last repayment: Dec 31, 2008

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

Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

UkrPromBank

Loan desecription

China Eximbank provides $817,800 buyer’s credit loan to UkrPromBank to finance import of Chinese goods

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In May 2006, the Export-Import Bank of China and UkrPromBank signed a $817,800 buyer’s credit loan to finance the import of goods from China. The maturity length of the loan was 3 years. The interest rate is unknown.

Staff comments

In 2009, Ukrprombank was in financial distress and the accounts of more than 1 million depositors, to whom Ukrprombank owed UAH 7,370 million, were transferred to Ukraine’s state-owned Rodovid Bank.