Project ID: 85720

Industrial and Commercial Bank of China Limited - Phnom Penh Branch provides $10 million loan to Acleda Bank Plc. for unspecified purposes

Commitment amount

$ 11523381.570209738

Adjusted commitment amount

$ 11523381.57

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Cambodia

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Private 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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-01-01

Actual start

2017-04-27

Description

In 2017, Acleda Bank entered into a $10,000,000 loan agreement for a line of credit with Industrial and Commercial Bank of China Limited - Phnom Penh Branch. The full $10 million USD was drawn down on April 27, 2017. The maturity date is April 27, 2022, which gives a 5 year maturity. The loan was to be repaid in full on its maturity date, and its purpose was not specified.

Additional details

AidData has inferred the commitment year to be 2017, as this loan is not in the 2016 Annual Report produced by Acleda Bank.

Number of official sources

2

Number of total sources

2

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Details

Cofinanced

No

Direct receiving agencies [Type]

Acleda Bank [Private Sector]

Loan Details

Maturity

5 years

Bilateral loan