Project ID: 67130

China Eximbank provides $300 million to Garanti Bank to finance imports from China

Commitment amount

$ 354241352.50754017

Adjusted commitment amount

$ 354241352.51

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Türkiye

Sector

Trade policies and regulations (Code: 330)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (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

2016-06-30

Description

On June 30, 2016, the Export-Import Bank of China and Garanti Bank (Turkey's second largest private bank) signed a $300 million loan agreement. The loan carried the following terms: a 3-year maturity and unknown interest rate. The proceeds of the loan were be used to be used by the borrower to finance the import of goods from China to Turkey.

Number of official sources

5

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Türkiye Garanti Bank BBVA [Private Sector]

Implementing agencies [Type]

Türkiye Garanti Bank BBVA [Private Sector]

Loan Details

Maturity

3 years

Bilateral loan