Skip to content
AidData logo

Overview

Harbin Bank provides RMB 2 billion inter-bank loan to Vnesheconombank for unspecified purposes

Commitments (Constant USD, 2023)$302,315,554
Commitment Year•2019Country of Activity•RussiaDirect Recipient Country of Incorporation•RussiaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 7, 2019

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 Commercial Banks

  • Harbin Bank

Receiving agencies

State-owned Banks

  • Vnesheconombank (VEB Bank or VEB.RF)

Loan description

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

Interest type•Unknown

Narrative

Full Description

Project narrative

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.