Active Mixed AidData Chinese Aid

CDB provides EUR 25 million loan to Serbia's Postal Savings Bank for on-lending activities

€25M EUR

Funder	China Development Bank (CDB)
Recipient Organization	Serbia Postal Savings Bank
Country	Serbia
Start Date	Apr 12, 2019
End Date	Jan 16, 2030
Duration	3,932 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67012`

Grant Description

CDB provides EUR 25 million loan to Serbia's Postal Savings Bank for on-lending activities On April 11, 2019 and April 12, 2019, the eighth 16+1 summit was held in Dubrovnik in Croatia, during which China Development Bank (CDB) issued an EUR 25 million loan to Postal Savings Bank (Banka Poštanska Štedionica) — a state-owned bank in Serbia — for on-lending activities.

The loan was one of approximately 40 bilateral agreements signed during a series of bilateral meetings with representatives of countries from Central and Eastern Europe.

📋 Staff Comments

1. One source refers to a second CDB loan to Banka Poštanska Štedionica (https://www.dropbox.com/s/sphbfdxyji3jyjw/Branislav%20Maric%20%28Profile%29%20-%20Kinstellar.pdf?dl=0). This issue warrants further investigation.

📚 Sources & References

The Western Balkans with Chinese Characteristics
The Dubrovnik summit: the Europeanisation and enlargement of the 16+1 format
第八次中国一中东欧国家领导人会晤成果清单
国际开发性金融通讯
The 8th China-Central and Eastern Europe Leaders Meeting
List of Outcomes of the Eighth China-CEEC Leaders' Meeting
第八次中国一中东欧国家领导人会晤成果清单, 'Srpska banka' to merge with Postal Savings Bank 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.

All Grantees

Serbia Postal Savings Bank

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