Project ID: 66403

ICBC provides Rp500B working capital loan to PT Bahari Makmur Sejati for seafood processing

Commitment amount

$ 38282328.2885566

Adjusted commitment amount

$ 38282328.29

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Indonesia

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Other public sector 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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2018-01-01

Actual start

2018-01-01

Actual complete

2018-12-31

Geography

Description

In 2018, the Corporate Banking branch of Bank ICBC Indonesia provided a working capital loan of Rp 500 billion to PT Bahari Makmur Sejati, an export-oriented seafood processing company. ICBC Indonesia's 2018 Annual Report states that this financing was carried out by Corporate Banking in 2018. The loan details of the project are unclear.

Additional details

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

PT Bahari Makmur Sejati [State-owned Company]

Loan Details

Bilateral loan

Working capital