Overview

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

Commitments (Constant USD, 2023)$998,700,406

Commitment Year•2015Country of Activity•RussiaDirect Recipient Country of Incorporation•RussiaSector•Trade Policies And RegulationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 8, 2015

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

Loading map…

CDB provides a loan to Sberbank, which is headquartered in Moscow, Russia. More detailed locational information can be found at https://www.openstreetmap.org/way/44856822.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

State-owned Banks

Sberbank

Loan desecription

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

Interest type•Unknown

Narrative

Full Description

Project narrative

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.

Staff comments

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.