China Eximbank provides $18 million loan to Asaka Bank for on-lending purposes

$18M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Asaka Bank
Country	Uzbekistan
Start Date	Oct 30, 2017
End Date	Jul 15, 2030
Duration	4,641 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`96428`

Grant Description

China Eximbank provides $18 million loan to Asaka Bank for on-lending purposes On November 30, 2017, China Eximbank and Asaka Bank — a majority state-owned commercial bank in Uzbekistan — signed an $18 million loan agreement. A sovereign guarantee was not issued in support of the loan.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

However, it is known that the borrower was expected to use the proceeds of the loan to engage in on-lending activities and support the investment projects of small businesses and private entrepreneurs as well as the purchase of goods and services from China.

📚 Sources & References

Second largest bank of Uzbekistan actively draws foreign loans
A PRESS CONFERENCE WAS HELD ON THE ATTRACTING OF FOREIGN CREDIT LINES, ИНФОРМАЦИЯ О КРЕДИТНОЙ ЛИНИИ БАНКА ICBC (КИТАЙ)
BANK SHAREHOLDERS
ASAKA BANK OFFERS LOANS THROUGH CREDIT LINES OF FOREIGN BANKS
KEY PRELIMINARY CREDIT LINE CRITERIA STATE DEVELOPMENT BANK OF CHINA
A PRESS CONFERENCE WAS HELD 'ON THE WORK CARRIED OUT BY ASAKA BANK TO ATTRACT FOREIGN CREDIT LINES' 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.