Project ID: 94391

China Eximbank provides RMB 500 million loan to Ziraat Bank in Turkey (Linked to Project #94083)

Commitment amount

$ 77519379.84496124

Adjusted commitment amount

$ 77519379.84

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Türkiye

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2021-03-31

Actual complete

2021-03-31

Description

On March 31, 2021, China Eximbank provided a RMB 500 million loan to Ziraat Bank, a Turkish state-owned bank. This loan is part of a dual tranche loan agreement totaling USD 395 million, divided tranches of USD 320 million and RMB 500 million RMB (USD 75 million). According to Ziraat Bank, the loans are intended to "diversify the resources obtained internationally in the medium and long term and increase financial cooperation in different geographical regions."

Number of official sources

2

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Ziraat Bank [State-owned Bank]

Loan Details

Bilateral loan

Inter-bank loan