Project ID: 92315

Harbin Bank provides RMB 2 billion syndicated loan to Vnesheconombank for unspecified purposes

Commitment amount

$ 327240030.81032205

Adjusted commitment amount

$ 327240030.81

Constant 2021 USD

Summary

Funding agency [Type]

Harbin Bank [State-owned Commercial Bank]

Recipient

Russia

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Commercial (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

2019-06-07

Description

On June 7, 2019, Harbin Bank and Russia's State Corporation Bank for Development & Foreign Economic Affairs — also known as Vnesheconombank (VEB) — signed an RMB 2 billion interbank lending agreement. Withdrawals were made under the agreement in 2020.

Number of official sources

2

Number of total sources

5

Download the dataset

Details

Cofinanced

Yes

Direct receiving agencies [Type]

Vnesheconombank (VEB Bank or VEB.RF) [State-owned Bank]

Loan Details

Syndicated loan

Inter-bank loan