Overview

Agricultural Bank of China participates in $300 million syndicated loan to Vnesheconombank (VEB) for unspecified purposes

Commitment Year•2005Country of Activity•RussiaDirect Recipient Country of Incorporation•RussiaOverseas Jurisdiction•SingaporeSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2005

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 Commercial Banks

Agricultural Bank of China (ABC)

Receiving agencies

State-owned Banks

Vnesheconombank (VEB Bank or VEB.RF)

Implementing agencies

State-owned Banks

Vnesheconombank (VEB Bank or VEB.RF)

Loan desecription

ABC contribution to $300 million syndicated loan to Vnesheconombank (VEB) for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2005, the Singapore Branch of Agricultural Bank of China syndicated a $300 million loan to Vnesheconombank (VEB) -- a state-owned development bank in Russia -- for unspecified purposes.

Staff comments

1. The relevant paragraph is the last paragraph on the bottom of page 15 in the OYJJ-OYS.org source.