Project ID: 85200

CDB provides RMB 6 billion loan to Sberbank for trade financing purposes

Commitment amount

$ 1071323648.4434443

Adjusted commitment amount

$ 1071323648.44

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Russia

Sector

Trade policies and regulations (Code: 330)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Mixed (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

2015-05-08

Geography

Description

On May 8, 2015, China Development Bank and Sberbank -- a Russian majority state-owned banking and financial services company headquartered in Moscow — signed an RMB 6 billion facility agreement for trade financing purposes. The timing and magnitude of drawdowns under this facility agreement are unknown.

Additional details

1. According to the China’s Overseas Development Finance Dataset that Boston University's Global Development Policy Center published in 2020, this loan was designated for the Eurocement Modernization Project. While a portion of the funding may have financed that project, AidData has not identified evidence that the entire amount of the loan was earmarked for that purpose. This issue warrants further investigation.

Number of official sources

4

Number of total sources

9

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Sberbank [State-owned Bank]

Loan Details

Bilateral loan

Inter-bank loan