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CDB provides $100 million loan to Standard Bank of South Africa Limited for on-lending to SMEs in 2011
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Standard Bank of South Africa Limited (Standard Bank) |
| Country | South Africa |
| Start Date | Jan 01, 2011 |
| End Date | Apr 21, 2028 |
| Duration | 6,320 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 105537 |
Grant Description
CDB provides $100 million loan to Standard Bank of South Africa Limited for on-lending to SMEs in 2011 In 2011, China Development Bank (CDB) and Standard Bank of South Africa Limited signed a $100 million loan agreement.
However, it is known that the borrower was expected to use the loan proceeds to on-lend to small- and medium-sized enterprises (SMEs) in South Africa.
Sources & References
Standard Bank of South Africa Limited Domestic Medium Term Note Programme 2012 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Standard Bank of South Africa Limited (Standard Bank)
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