CDB provides RMB 1 billion loan to Canadia Bank for working capital purposes

¥1M RMB

Funder	China Development Bank (CDB)
Recipient Organization	Canadia Bank PLC
Country	Cambodia
Start Date	Jan 01, 2017
End Date	Oct 02, 2033
Duration	6,118 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62346`

Grant Description

CDB provides RMB 1 billion loan to Canadia Bank for working capital purposes In 2017, CDB issued an RMB 1 billion working capital loan to Canadia Bank. The loan was secured by a related entity that granted security over a large piece of commercial real estate.

📋 Staff Comments

1. Canadia Bank (Khmer: ធនាគារកាណាឌីយ៉ា) is one of the largest local banks in Cambodia. The bank was established in 1991 and became privatized in 1998. It has 22 branches in Phnom Penh and 28 branches in 20 provinces across the country.

📚 Sources & References

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