Industrial and Commercial Bank of China Limited - Phnom Penh Branch provides $18 million loan to Acleda Bank Plc. for unspecified purposes

$18M USD

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	ACLEDA Bank Plc.
Country	Cambodia
Start Date	Jan 01, 2015
End Date	Dec 25, 2032
Duration	6,568 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85717`

Grant Description

Industrial and Commercial Bank of China Limited - Phnom Penh Branch provides $18 million loan to Acleda Bank Plc. for unspecified purposes In 2015, Acleda Bank entered into a $18,000,000 loan agreement for a line of credit with Industrial and Commercial Bank of China Limited - Phnom Penh Branch. The full $18 million was drawn down (disbursed) on September 1, 2015.

The maturity date is August 31, 2018, which effectively represents a 3-year maturity. The loan was repaid in full on its maturity date, and its purpose was not specified.

📋 Staff Comments

1. AidData has inferred the commitment year to be 2015, as this loan is not in the 2014 Annual Report produced by Acleda Bank.

📚 Sources & References

Annual Report 2015
Disclosure Documents
Annual Report 2014
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.