China Development Bank provides $50 million loan in December 2010 to Bank of Ceylon for on-lending activities

$50M USD

Funder	China Development Bank (CDB)
Recipient Organization	Bank of Ceylon (BOC)
Country	Sri Lanka
Start Date	Dec 01, 2010
End Date	Dec 15, 2031
Duration	7,684 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`91816`

Grant Description

China Development Bank provides $50 million loan in December 2010 to Bank of Ceylon for on-lending activities In 2012, China Development Bank issued a $50 million loan — with a 5-year maturity — to Hatton National Bank for on-lending in support of long-term projects in the areas of development, trade finance, infrastructure, and commerce, among others.

📋 Staff Comments

1. Bank of Ceylon is a 100% state-owned commercial bank in Sri Lanka.

📚 Sources & References

Annual Report 2010
Annual Report 2010
BoC signs loan agreement 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.