Completed Mixed AidData Chinese Aid

China Eximbank provides $817,800 buyer’s credit loan to UkrPromBank to finance import of Chinese goods

$817.8K USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	UkrPromBank
Country	Ukraine
Start Date	Jan 01, 2006
End Date	Feb 23, 2027
Duration	7,723 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`42463`

Grant Description

China Eximbank provides $817,800 buyer’s credit loan to UkrPromBank to finance import of Chinese goods In May 2006, the Export-Import Bank of China and UkrPromBank signed a $817,800 buyer’s credit loan to finance the import of goods from China. The maturity length of the loan was 3-years. The interest rate is unknown.

📋 Staff Comments

In 2009, Ukrprombank was in financial distress and the accounts of more than 1 million depositors, to whom Ukrprombank owed UAH 7,370 million, were transferred to Ukraine’s state-owned Rodovid Bank.

📚 Sources & References

UKRPROMBANK RECEIVES 817,800 USD CREDIT FROM CHINA'S EXPORT-IMPORT BANK
Ukrprombank received a loan from The Export-Import Bank of the Republic of China
China
Deposits of Ukrprombank will be transferred to the state-owned Rodovid
TYMOSHENKO'S NBU DISPUTES DEEPEN
UKRAINE (Represented by the Minister of Finance of Ukraine acting upon instructions of the Cabinet of Ministers of Ukraine) U.S.$1,250,000,000 7.8 per cent. Notes due 2022 Issue price: 100 per cent., 'Укрпромбанк' привлек китайский кредит, Укрпромбанк отримав кредит від The Export-Import Bank of the Republic of China, Китай 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

UkrPromBank

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