Active Development AidData Chinese Aid

CCB contributes to $90.4 million syndicated loan to International Bank of Azerbaijan for unspecified purposes

$45.2M USD

Funder	China Construction Bank Corporation (CCB)
Recipient Organization	ABB (formerly International Bank of Azerbaijan)
Country	Azerbaijan
Start Date	Jan 01, 2019
End Date	Feb 12, 2027
Duration	2,964 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`92221`

Grant Description

CDB and CCB contributions to USD 90.4 million syndicated loan to International Bank of Azerbaijan for unspecified purposes In 2019, China Development Bank (CDB) Corporation (Inner Mongolia Branch) and China Construction Bank (CCB) signed a $90.4 million syndicated loan (facility) agreement with International Bank of Azerbaijan for unspecified purposes.

The loan was backed a Sinosure credit insurance policy. CDB's contribution is captured via Record ID#92220 and CCB's via Record ID#92221.

📋 Staff Comments

The exact year in which the loan was issued is unknown. For the time being, AidData has set the commitment year to 2019 since International Bank of Azerbaijan and Sinosure were having preliminary discussions in 2019. This issue warrants further investigation.
ABB (from Azerbaijani: Azərbaycan Beynəlxalq Bankı [ɑːzæɾbɑjˈdʒɑn bejnælˈxɑlk ˈbɑŋkɯ]; International Bank of Azerbaijan), the largest bank in Azerbaijan, is an open joint-stock company whose shares are owned by the Azerbaijan state.
The exact contributions from CDB and CCB are unknown at this time. AidData assumes equal contributions from both banks ($45.2 million).

📚 Sources & References

CIS Linklaters
Beynəlxalq Bank ilə SINOSURE danışıqlar aparıb 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.