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CDB provides $100 million bullet loan to Banco de Chile for development projects
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Banco de Chile |
| Country | Chile |
| Start Date | Aug 14, 2008 |
| End Date | Apr 05, 2033 |
| Duration | 9,000 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 36918 |
Grant Description
CDB provides $100 million bullet loan to Banco de Chile for development projects On, August 14, 2008, China Development Bank and Banco de Chile (Bank of Chile) signed a three-year, $100 million bullet loan agreement.
The first loan disbursement was part of a new free trade agreement signed by Chile and China in April 2008 during an official visit by Chilean President Michelle Bachelet to China.
The purpose of the agreement, according to the Banco de Chile 2008 Third Quarter Results Report, was to finance Chilean exports. The Bank of Chile also signed an agreement with the CDB for mutual investment support.
Sources & References
- Bank of Chile signs 100-mln-USD loan with China Development Bank
- Entrevista a Pablo Granifo, presidente del Banco de Chile
- Bank of Chile signs 100-mln-USD loan with China Development Bank
- Export Finance Activities by the Chinese Government
- Finding finance in the mining and minerals sector - A guide for mine developers
- 中国国家开发银行给智利银行授信贷款1亿美元
- ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2010, 2008 Third Quarter Results
- Cronología de las relaciones entre América Latina y Asia
- Annual Report 2011
- Annual Report 2010 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 de Chile
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