Overview

CDB provides $100 million loan to Acleda Bank Plc. for unspecified purposes

Commitments (Constant USD, 2023)$109,072,157

Commitment Year•2016Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 19, 2016

Start (actual): Dec 27, 2016

End (actual): Dec 26, 2019

Last repayment (originally scheduled): Dec 19, 2019

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

ACLEDA Bank Plc.

Implementing agencies

Private Sector

ACLEDA Bank Plc.

Loan description

CDB provides $100 million loan to Acleda Bank Plc. for unspecified purposes

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

On December 19, 2016, Acleda Bank entered into a $100,000,000 loan agreement for a line of credit with China Development Bank. $30 million was drawn down on December 27, 2016, and the remaining $70 million was drawn down on December 18, 2017. The final maturity date is December 26, 2019, giving a 3 year maturity period. The loan was repaid in full on its maturity date, and its purpose was not specified.

Staff comments

1. Acleda Bank Plc. is a private bank. ACLEDA is an acronym for the Association of Cambodian Local Economic Development Agencies.