Project ID: 52199

CDB pledges 39.9 million euro loan to Afriland First Bank for on-lending to SMEs

Pledged amount

$ 49662672.059171155

Adjusted pledged amount

$ 49662672.059171155

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

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

Recipient

Cameroon

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private 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: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2015-06-18

Description

On 18 June, 2015, Afriland First Bank Managing Director, Alphonse Nafack, and China Development Bank Board Chairman, Hu Huaibang, signed a framework agreement in which CDB pledged a 39.9 million euro loan. Afriland First Bank is a predominantly Cameroonian-capitalized banking institution The financing should allow the Cameroonian banking institution to boost its financial support to SMEs- entities and provide end-user financing to individuals to buy/build houses.

Number of official sources

1

Number of total sources

8

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Afriland First Bank S.A. [Private Sector]

Loan Details

Bilateral loan

Inter-bank loan