Overview

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

Commitments (Constant USD, 2023)$64,306,924

Commitment Year•2010Country of Activity•Sri LankaDirect Recipient Country of Incorporation•Sri LankaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 1, 2010

Last repayment (originally scheduled): Nov 30, 2015

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

Bank of Ceylon (BOC)

Loan description

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

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

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.

Staff comments

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