Completed Development AidData Chinese Aid

CDB provides $200 million loan to Standard Bank of South Africa Limited for on-lending to SMEs in 2023

$200M USD

Funder	China Development Bank (CDB)
Recipient Organization	Standard Bank of South Africa Limited (Standard Bank)
Country	South Africa
Start Date	Jan 01, 2023
End Date	Jun 24, 2033
Duration	3,827 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`108373`

Grant Description

CDB provides $200 million loan to Standard Bank of South Africa Limited for on-lending to SMEs in 2023 In 2023, China Development Bank (CDB) and Standard Bank of South Africa Limited signed a $200 million loan agreement.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

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. It is also known that the loan was fully disbursed in August 2023.

📚 Sources & References

中国国家开发银行实现南非标准银行 2亿美元授信项目全额发放
国家开发银行：融通资金服务共赢助力共建“一带一路”高质量发展
国家开发银行：深化多双边金融合作凝聚服务共建“一带一路”金融合力
中国国家开发银行实现对南非标准银行2亿美元授信项目全额发放
中国国家开发银行参加2023年金砖国家银行合作机制年会暨金融论坛
国家开发银行：融通资金服务共赢助力共建“一带一路”高质量发展
Bank of China signs US$600 million loan agreement with African Bank
国家开发银行：融通资金服务共赢助力共建“一带一路”高质量发展 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.

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Standard Bank of South Africa Limited (Standard Bank)

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CDB provides $200 million loan to Standard Bank of South Africa Limited for on-lending to SMEs in 2023

Grant Description

📚 Sources & References

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