Overview
Status
Pipeline: Commitment
Timeline
Geospatial footprint
Visualizes the AidData-provided feature geometry for this project.
BoC loans to Gazprombank, which has headquarters in Moscow, Russia. More detailed locational information can be found at https://www.openstreetmap.org/way/202521221.
Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities
Ultimate beneficial owners
Funding agencies
State-owned Commercial Banks
Receiving agencies
Private Sector
Implementing agencies
Private Sector
Loan description
Narrative
Project narrative
In July-September 2010, Bank of China signed an agreement with Gazprombank to provide finance on a short-term basis (up to one year) for funding foreign trade transactions in the form of L/C post financing. The deal will help expand the opportunities of the Russian Bank and provide extra benefits for the clients participating in the trade operations with China. Letters of credit will be issued to clients that were involved in the bilateral deal.
