Project ID: 64437

CDB pledges RMB 1.5 billion loan to Kasikorn Bank for on-lending purposes

Pledged amount

$ 285374513.98265946

Adjusted pledged amount

$ 285374513.98265946

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

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

Recipient

Thailand

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Mixed (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: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2011-12-22

Description

On December 22, 2011, China Development Bank (CDB) and Kasikorn Bank signed a memorandum of understanding according to the release from the Embassy of China at Thailand, China Daily, and the Nation Thailand. Under this memo, the CDB would provide a loan of RMB 1.5 billion to KBank’s Shenzhen Branch for on-lending purposes. An equivalent amount will be granted to the CDB by KBank to support their business expansion into Thailand. Kasikorn Bank is also known as Kasikornbank Pcl, ธนาคารกสิกรไทย in Thai, and 开泰银行 in Chinese.

Number of official sources

1

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Kasikorn Bank (KBank) [Private Sector]

Loan Details

Bilateral loan