Project ID: 67291

China Eximbank provides $400 million loan to İşbank to promote trade between Turkey and China

Pledged amount

$ 460935262.8083895

Adjusted pledged amount

$ 460935262.8083895

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

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: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-12-21

Description

On December 21, 2017, the Export-Import Bank of China and İşbank (Türkiye İş Bankası or 土耳其实业银行) — the largest private bank in Turkey — was reported by media outlets to have signed a $400 million loan agreement. The loan has a 3-year maturity and unknown interest rate. The proceeds of the loan were to be used by the borrower to finance imports from China and further promote the trade between China and Turkey.

Additional details

There is no clear evidence of a commitment being made, AidData has coded the project as pledge for now.

Number of official sources

2

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

İşbank [Private Sector]

Implementing agencies [Type]

İşbank [Private Sector]

Loan Details

Maturity

3 years

Bilateral loan