Overview

ICBC provides USD 10 million term loan to CIMB Bank PLC for unspecified purposes

Commitments (Constant USD, 2023)$10,461,984

Commitment Year•2015Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 30, 2015

End (actual): Feb 1, 2016

Last repayment (originally scheduled): Feb 1, 2016

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Receiving agencies

State-owned Banks

CIMB Bank PLC

Loan description

ICBC provides USD 10 million term loan to CIMB Bank PLC for unspecified purposes

Grant element•2.7746%Interest rate (t₀)•3.85%Interest type•Fixed Interest RateMaturity•1 years

Narrative

Full Description

Project narrative

On November 30, 2015, ICBC signed an agreement with CIMB Bank PLC, the Cambodian subsidiary of Malaysia's CIMB Group, to provide a USD 10 million loan for unspecified purposes. The loan had a maturity of one year and carried an interest rate of 3.85%. The loan was repaid in full on February 1, 2016.