Project ID: 67292

China Eximbank provides $200 million loan to Denizbank in Turkey for financing imports from China

Commitment amount

$ 217969949.57573536

Adjusted commitment amount

$ 217969949.58

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Türkiye

Sector

Unallocated/unspecified (Code: 998)

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

2018-12-12

Description

On December 12, 2018, the Export-Import Bank of China (China Eximbank) agreed to provide Denizbank a $200 million credit facility with a three year maturity period. The loan was to be used by customers of Denizbank to finance imports from China. The interest rate of the loan is unknown, as is the status of any disbursements and the particular imports to be financed.

Additional details

1. DenizBank A.Ş. is a large private bank in Turkey. It is currently owned by Emirates NBD. It was owned and controlled by leading Russian bank Sberbank from 2012 to 2019.

Number of official sources

1

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

DenizBank [Private Sector]

Loan Details

Maturity

3 years

Bilateral loan