Overview

China Eximbank provides $18 million loan to Asaka Bank for on-lending purposes

Commitments (Constant USD, 2023)$19,154,275

Commitment Year•2017Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 30, 2017

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 Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned Banks

Asaka Bank

Implementing agencies

State-owned Banks

Asaka Bank

Loan desecription

China Eximbank provides $18 million loan to Asaka Bank for on-lending purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

On November 30, 2017, China Eximbank and Asaka Bank — a majority state-owned commercial bank in Uzbekistan — signed an $18 million loan agreement. A sovereign guarantee was not issued in support of the loan. The borrowing terms of the loan are unknown. However, it is known that the borrower was expected to use the proceeds of the loan to engage in on-lending activities and support the investment projects of small businesses and private entrepreneurs as well as the purchase of goods and services from China.