Overview

China Eximbank upsizes master loan agreement with VTB Bank by $300 million (Linked to Record ID ID#66457)

Commitments (Constant USD, 2023)$385,841,542

Commitment Year•2010Country of Activity•RussiaDirect Recipient Country of Incorporation•RussiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 25, 2010

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

State-owned Banks

VTB Bank

Implementing agencies

State-owned Banks

VTB Bank

Loan description

China Eximbank upsizes master loan agreement with VTB Bank by $300 million

Interest type•Unknown

Narrative

Full Description

Project narrative

On March 26, 2007 China Eximbank and JSC VTB Bank signed a $500 million master loan (export buyer's credit) agreement to finance imports by Russian companies from China (as captured via Record ID#66457). Then, on March 25, 2010, an additional agreement was signed to upsize the master loan agreement by $300 million (as captured via Record ID#43035).