Project ID: 62346

CDB provides RMB 1 billion loan to Canadia Bank for working capital purposes

Commitment amount

$ 170528641.02533296

Adjusted commitment amount

$ 170528641.03

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Cambodia

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (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

2017-01-01

Description

In 2017, CDB issued an RMB 1 billion working capital loan to Canadia Bank. The loan was secured by a related entity that granted security over a large piece of commercial real estate.

Additional details

1. Canadia Bank (Khmer: ធនាគារកាណាឌីយ៉ា) is one of the largest local banks in Cambodia. The bank was established in 1991 and became privatized in 1998. It has 22 branches in Phnom Penh and 28 branches in 20 provinces across the country.

Number of official sources

4

Number of total sources

10

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Canadia Bank [Private Sector]

Implementing agencies [Type]

Canadia Bank [Private Sector]

Collateral

Large piece of commercial real estate provided by an unknown related entity

Loan Details

Bilateral loan

Working capital