Overview

CDB provides $30 million loan to Banco de Inversion y Comercio Exterior (BICE) for on-lending to small- and medium-sized enterprises (SMEs) and exporting firms in 2007 (Linked to Record ID#54559 and #54560)

Commitments (Constant USD, 2023)$49,846,936

Commitment Year•2007Country of Activity•ArgentinaDirect Recipient Country of Incorporation•ArgentinaSector•Trade Policies And RegulationsFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 11, 2007

Last repayment (originally scheduled): Dec 29, 2016

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

State-owned Banks

Bancó de Inversión y Comercio Exterior (BICE) S. A.

Loan description

CDB provides $30 million loan to Banco de Inversion y Comercio Exterior (BICE) for on-lending to small- and medium-sized enterprises (SMEs) and exporting firms in 2007

Interest type•UnknownMaturity•10 years

Narrative

Full Description

Project narrative

In 2007, the China Development Bank issued a loan worth $30 million to Argentinian Bank BICE (Banco de Inversión y Comercio Exterior) for on-lending to small- and medium-sized enterprises (SMEs) and exporting firms. These funds were part of an agreement between the CDB and Argentina to provide $140 million in three tranches. The loan has a 10-year maturity.

Staff comments

1. A Ministry of Commerce source in 2017 notes that between 2007 and 2015, China Development Bank provided 3 loans to BICE worth $140 million. 2. This project is linked to Record ID#54559 and Record ID#54560, which are parts of the larger $140 million agreement.