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 2010 (Linked to Record ID#54558 and #54560)

Commitments (Constant USD, 2023)$38,584,154

Commitment Year•2010Country 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 27, 2010

Last repayment (originally scheduled): Dec 30, 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 2010

Interest type•UnknownMaturity•7 years

Narrative

Full Description

Project narrative

In 2010, the China Development Bank provided 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 7-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#54558 and #54560, which are part of a larger $140 million agreement.