Project ID: 92654

CDB provides RMB 100 million loan to Credit Bank of Moscow in 2020 to finance trade between Russia and China

Commitment amount

$ 16186043.512860851

Adjusted commitment amount

$ 16186043.51

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Russia

Sector

Trade policies and regulations (Code: 330)

Flow type

Loan

Level of public liability

Private 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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2020-08-31

Description

On August 31, 2020, China Development Bank (CDB) and Credit Bank of Moscow — the third largest privately-owned commercial bank in Russia — signed an RMB 100 million loan agreement to promote trade between China and Russia. The borrowing terms of the loan are unknown.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Credit Bank of Moscow [Private Sector]

Loan Details

Bilateral loan