CDB provides RMB 2 billion overseas working capital loan to Kasikorn Bank for unspecified infrastructure projects

¥2M RMB

Funder	China Development Bank (CDB)
Recipient Organization	Kasikorn Bank Public Company Limited (KBank)
Country	Thailand
Start Date	Jan 01, 2018
End Date	May 01, 2030
Duration	4,503 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64436`

Grant Description

CDB provides RMB 2 billion overseas working capital loan to Kasikorn Bank for unspecified infrastructure projects In 2018, China Development Bank (CDB) Guangdong Branch signed an RMB 2 billion overseas working capital loan agreement with Kasikorn Bank (Kbank), the third largest commercial bank in Thailand, for unspecified infrastructure projects.

📋 Loan / Grant Terms

📅 Maturity3 years

As of November 19, 2018, CDB disbursed the first RMB 1 billion into Kbank's RMB account in Hong Kong. It is unclear which specific sub-projects were financed by this CDB loan. According to reports, this is the first cross-border RMB loan to a Thai bank.

Moreover, this is the second inter-bank financing transaction under the Belt and Road following the first RMB 2 billion loan to the Philippine Capital Bank.

📚 Sources & References

中国首笔对泰跨境人民币贷款落地
中國首筆對泰跨境人民幣貸款落地
首笔对泰跨境人民币贷款落地：20亿元支持泰国基建 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.