Project ID: 98599

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

Commitment amount

$ 11222755.695789525

Adjusted commitment amount

$ 11222755.7

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Cambodia

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Unallocable

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2015-11-30

Actual complete

2016-02-01

Description

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.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

CIMB Bank PLC [Private Sector]

Loan Details

Maturity

1 years

Interest rate

3.85%

Grant element (OECD Grant-Equiv)

2.7746%

Bilateral loan

Inter-bank loan

Short-term loan