Overview

ICBC Indonesia provides IDR 80 billion fixed installment loan facility to PT Radana Bhaskara Finance Tbk in July 2011 for unspecified purposes

Commitments (Constant USD, 2023)$10,361,943

Commitment Year•2011Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•IndonesiaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 18, 2011

End (actual): Jan 1, 2015

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 Commercial Banks

PT Bank ICBC Indonesia

Receiving agencies

Private Sector

PT Radana Bhaskara Finance Tbk (formerly PT HD Finance Tbk)

Loan description

ICBC Indonesia provides IDR 80 billion fixed installment loan facility to PT Radana Bhaskara Finance Tbk in July 2011 for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

On July 18, 2011, ICBC Indonesia signed an agreement with PT Radana Bhaskara Finance Tbk, an Indonesian financial services and asset-based financing company, to provide a IDR 80,000,000,000 fixed installment loan facility. Lending details, including maturity, purpose, and interest rate, are unknown. The loan was repaid in full in 2015.