CDB provides $100 million loan to Acleda Bank Plc. for unspecified purposes

$100M USD

Funder	China Development Bank (CDB)
Recipient Organization	ACLEDA Bank Plc.
Country	Cambodia
Start Date	Dec 19, 2016
End Date	Mar 04, 2031
Duration	5,188 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62370`

Grant Description

CDB provides $100 million loan to Acleda Bank Plc. for unspecified purposes On December 19, 2016, Acleda Bank entered into a $100,000,000 loan agreement for a line of credit with China Development Bank. $30 million was drawn down on December 27, 2016, and the remaining $70 million was drawn down on December 18, 2017.

The final maturity date is December 26, 2019, giving a 3-year maturity period. The loan was repaid in full on its maturity date, and its purpose was not specified.

📋 Staff Comments

1. Acleda Bank Plc. is a private bank. ACLEDA is an acronym for the Association of Cambodian Local Economic Development Agencies.

📚 Sources & References

ACLEDA-Bank-Plc.-Annual-Report-2016-khm.pdf
ACLEDA Bank
Disclosure Documents
Annual Report 2016 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.