Project ID: 67012

CDB provides EUR 25 million loan to Serbia's Postal Savings Bank for on-lending activities

Commitment amount

$ 31458933.32663609

Adjusted commitment amount

$ 31458933.33

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Serbia

Sector

Banking and financial services (Code: 240)

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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2019-04-12

Description

On April 11, 2019 and April 12, 2019, the eighth 16+1 summit was held in Dubrovnik in Croatia, during which China Development Bank (CDB) issued an EUR 25 million loan to Postal Savings Bank (Banka Poštanska Štedionica) — a state-owned bank in Serbia — for on-lending activities. The loan was one of approximately 40 bilateral agreements signed during a series of bilateral meetings with representatives of countries from Central and Eastern Europe.

Additional details

1. One source refers to a second CDB loan to Banka Poštanska Štedionica (https://www.dropbox.com/s/sphbfdxyji3jyjw/Branislav%20Maric%20%28Profile%29%20-%20Kinstellar.pdf?dl=0). This issue warrants further investigation.

Number of official sources

3

Number of total sources

8

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Serbia Postal Savings Bank [State-owned Bank]

Loan Details

Bilateral loan

Inter-bank loan