Project ID: 58678

CDB provides $100 million loan to Absa Bank for on-lending to small- and medium-sized enterprises

Commitment amount

$ 115233815.70209737

Adjusted commitment amount

$ 115233815.7

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

South Africa

Sector

Business and other services (Code: 250)

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: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-08-18

Description

In August 18, 2017, China Development Bank (CDB) and Absa Bank Limited, a subsidiary of Barclay's Africa Group, concluded a five-year ,$100 million Special Facility Agreement. The loan was to be used by Absa Bank to assist small- and medium-sized enterprises (SMEs) who face funding shortages. The initial drawdown was based on Absa Bank’s funding needs at that time. The borrowing terms of the loan are unknown.

Number of official sources

3

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Absa Group Ltd. (ABGL) [Private Sector]

Loan Details

Bilateral loan