Active Development AidData Chinese Aid

CDB provides EUR 39.6 million loan to Telekom Srbija to finance telecommunication equipment purchases from Huawei

€39.68M EUR

Funder	China Development Bank (CDB)
Recipient Organization	Telekom Srbija
Country	Serbia
Start Date	Jan 01, 2011
End Date	Aug 05, 2028
Duration	6,426 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67015`

Grant Description

CDB provides EUR 39.6 million loan to Telekom Srbija to finance telecommunication equipment purchases from Huawei In 2011, Telekom Srbija (Telekom Srbija a.d.

Beograd) — a Serbian state-owned telecommunications company headquartered in Belgrade — borrowed approximately EUR 39,683,946 from the Shenzhen Branch of China Development Bank (CDB) to finance its acquisition of telecommunication equipment from Huawei.

Telekom Srbija's amount outstanding from CDB over the 5-year period: EUR 15,787,174 in 2011, EUR 11,057,265 in 2012, EUR 7,530,119 in 2013, EUR 4,197,311 in 2014, and EUR 1,112,077 in 2015. The borrowing terms are unknown.

📋 Staff Comments

AidData captures these borrowings in a single record and treats 2011 as the loan commitment year since it is the first year in which CDB made a loan disbursement to Telekom Srbija. See https://static.mts.rs/pdf/reporting/Consolidated%20Financial%20Statements/Consolidated%20Financial%20Statements%20with%20Independent%20Auditors'%20report%20for%20the%20year%202011.pdf?d=False&h=6357843593381700002. There is no record of a loan from the Shenzhen Branch of China Development Bank (CDB) to Telekom Srbija in the Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020.
The maturity and grace period for this loan are unknown. AidData estimates this loan has a a six year maturity and a grace period of one year because there are observed data showing the gradual repayment of the loan starting from 2012 to 2016.

📚 Sources & References

Consolidated Financial Statements for the Year Ended 31 December 2011 and Independent Auditor's Report.
Telekom Serbia records 1.25bln loss
Consolidated Financial Statements with Independent Auditors' report for the year 2010
Consolidated Financial Statements with Independent Auditors' report for the year 2009
Pojedinacni_stat Telekom_31122015_srpski, telekom_izvestaj revizora_konsolidovani statutarni fi_ 2010_final, 2009_ts_izvestaj_revizora_konsolidovani_ifrs_2009
China's Overseas Development Finance
Telekom Sbrija
Consolidated Financial Statements for the Year Ended 31 December 2011
Telekom Sbrija
Consolidated Financial Statements for the Year Ended 31 December 2012
Telekom Sbrija
Consolidated Financial Statements for the Year Ended 31 December 2015 (Konsolidovani finansijski izveštaji za godinu koja se završava 31. decembra 2015.)
Telekom Sbrija
Consolidated Financial Statements for the Year Ended 31 December 2013
Telekom Sbrija
Consolidated Financial Statements for the Year Ended 31 December 2014 (Konsolidovani finansijski izveštaji za godinu koja se završava 31. decembra 2014.)
Telekom Sbrija
Consolidated Financial Statements for the Year Ended 31 December 2016 (Konsolidovani finansijski izveštaji za godinu koja se završava 31. decembra 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.

All Grantees

Telekom Srbija

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