CDB provides EUR 39.6 million loan to Telekom Srbija to finance telecommunication equipment purchases from Huawei

In 2011, Telekom Srbija (Telekom Srbija a.d. Beograd) — a Serbian state-owned telecommunications company headquartered in Belgrade — borrowed approximately EUR 39,683,946 from the Shenzhen Branch of China Development Bank (CDB) to finance its acquisition of telecommunication equipment from Huawei. Telekom Srbija borrowed the following amounts from CDB over the 5-year period: EUR 39,683,946 in 2011, EUR 11,057,265 in 2012, EUR 7,530,119 in 2013, EUR 4,197,311 in 2014, and EUR 1,112,077 in 2015. The borrowing terms are unknown.

Additional details

1. AidData captures these borrowings in a single record and treats 2011 as the loan commitment year since it is the first year in which CDB made a loan disbursement to Telekom Srbija. See https://static.mts.rs/pdf/reporting/Consolidated%20Financial%20Statements/Consolidated%20Financial%20Statements%20with%20Independent%20Auditors'%20report%20for%20the%20year%202011.pdf?d=False&h=635784359338170000 2. There is no record of a loan from the Shenzhen Branch of China Development Bank (CDB) to Telekom Srbija in the Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020.

Number of official sources

11

Number of total sources

12