Overview

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

Commitments (Constant USD, 2023)$157,474,631

Commitment Year•2017Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2017

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

Private Sector

Canadia Bank PLC

Implementing agencies

Private Sector

Canadia Bank PLC

Loan desecription

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

Interest type•Unknown

Collateral

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

Narrative

Full Description

Project narrative

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.

Staff comments

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.