Project ID: 91816

China Development Bank provides $50 million loan in December 2010 to Bank of Ceylon for on-lending activities

Commitment amount

$ 69636346.78981201

Adjusted commitment amount

$ 69636346.79

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Sri Lanka

Sector

Banking and financial services (Code: 240)

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

2010-12-01

Description

In 2012, China Development Bank issued a $50 million loan — with a 5-year maturity — to Hatton National Bank for on-lending in support of long-term projects in the areas of development, trade finance, infrastructure, and commerce, among others.

Additional details

1. Bank of Ceylon is a 100% state-owned commercial bank in Sri Lanka.

Number of official sources

2

Number of total sources

3

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Details

Cofinanced

No

Direct receiving agencies [Type]

Bank of Ceylon (BOC) [State-owned Bank]

Loan Details

Maturity

5 years

Bilateral loan

Inter-bank loan