Project ID: 85244

CDB provides $100 million loan to NBE to support SMEs

Commitment amount

$ 112227556.95789523

Adjusted commitment amount

$ 112227556.96

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Egypt

Sector

Business and other services (Code: 250)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2015-01-01

Description

In 2015, China Development Bank (CDB) and the National Bank of Egypt (NBE) — a commercial bank that is wholly owned by the Government of Egypt — signed a $100 million loan agreement to support small and medium sized enterprises (SMEs) in Egypt. The borrowing terms of this loan are unknown. The loan reportedly entered implementation, but no additional details are available.

Additional details

1. The Chinese project title is 供1亿美元贷款用以资助中小企业.

Number of official sources

4

Number of total sources

6

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

National Bank of Egypt [State-owned Bank]

Implementing agencies [Type]

National Bank of Egypt [State-owned Bank]

Loan Details

Bilateral loan

Inter-bank loan