Bank of China provides $20 million loan to Canadia Bank for unspecified purposes

¥20M RMB

Funder	Bank of China (BOC)
Recipient Organization	Canadia Bank PLC
Country	Cambodia
Start Date	Sep 29, 2014
End Date	Dec 15, 2027
Duration	4,825 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85674`

Grant Description

Bank of China provides $20 million loan to Canadia Bank for unspecified purposes On September 29, 2014, Canada Bank entered into a $20 million facility agreement with Bank of China Limited, Phnom Penh Branch.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following borrowing terms: an annual interest of 3

📅 Maturity1 year

Based on the agreement, Canadia Bank was required to place a one‐year fixed deposit with Bank of China Limited, Phnom Penh Branch worth $10 million and RMB 61.60 million (approximately equivalent to $10 million).

📋 Staff Comments

1. The intent field has been coded as Mixed, as it is unknown whether the loan was provided for development purposes.

📚 Sources & References

Annual Report 2015
Annual Report 2016
Annual Report 2014 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.