Active Development AidData Chinese Aid

CDB provides $50 million loan to BBVA Banco Continental for on-lending purposes

$50M USD

Funder	China Development Bank (CDB)
Recipient Organization	Banco BBVA Perú (formerly BBVA Banco Continental)
Country	Peru
Start Date	Dec 01, 2011
End Date	Nov 20, 2031
Duration	7,294 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`36364`

Grant Description

CDB provides $50 million loan to BBVA Banco Continental for on-lending purposes China Development Bank and Peru’s BBVA Continental Bank signed a $50 million loan agreement to support electronic infrastructure construction activities in Peru in December 2011 (A pursuant to a Memorandum of Understanding (MOU) was signed by both institutions on September 23, 2011).

The loan carried a 5-year maturity (final maturity: December 2016).

Its (principal) amount outstanding was $50 million as of December 31, 2012, $43 million as of December 31, 2013, $29 million as of December 31, 2014, $15 million as of December 31, 2015, and $8 million as of June 30, 2016.

📋 Staff Comments

1. BBVA Perú began operations in Peru in 1951 under the name Banco Continental (or BBVA Banco Continental). The entity operates internationally since its integration into Banco Bilbao Vizcaya in 1995 and has operations in 35 countries. It consolidated its current name and brand in 2019.

📚 Sources & References

CDB inks lending agreement with BBVA Banco Continental Peru
China Development Bank otorga crédito de US$ 50 millones al BBVA Continental
China Development Bank presta USD 50 millones a BBVA Continental para infraestructuras en Perú
CHINA DEVT BANK SIGNS LENDING AGREEMENT WITH BBVA BANCO PERU
CDB returns to Peru for BBVA loan
Chinese News Coverage of Latin America
BBVA BANCO CONTINENTAL AND SUBSIDIARIES Consolidated Statements of Financial Position
BBVA BANCO CONTINENTAL AND SUBSIDIARIES Consolidated Financial Statements As of June 30, 2014 (Unaudited) and as of December 31, 2013 (Audited)
BBVA BANCO CONTINENTAL AND SUBSIDIARIES Consolidated Financial Statements As of September 30, 2015 and as of December 31, 2014
BBVA BANCO CONTINENTAL AND SUBSIDIARIES Consolidated Financial Statements As of March 31, 2016 and as of December 31, 2015
BBVA BANCO CONTINENTAL AND SUBSIDIARIES Consolidated Financial Statements As of June 30, 2016 and as of December 31, 2015
BBVA Perú recibe préstamo de China Development Bank 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

Banco BBVA Perú (formerly BBVA Banco Continental)

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