Project ID: 95244

ICBC provides $130 million loan to Yapi Kredi for foreign trade financing and refinancing purposes

Commitment amount

$ 130000000.0

Adjusted commitment amount

$ 130000000.0

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Türkiye

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Private 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

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2021-07-01

Description

On July 1, 2021, Yapi Kredi obtained a $130 million, 2-year loan from the Industrial and Commercial Bank of China (ICBC). ICBC Turkey Bank acted as a representative of ICBC in the agreement, and ICBC Turkey Yatırım acted as the regulator. Yapı Kredi reportedly will use the loan proceeds for the financing and refinancing of foreign trade.

Additional details

Number of official sources

2

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Yapı Kredi [Private Sector]

Loan Details

Maturity

2 years

Bilateral loan

Inter-bank loan

Refinancing