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CDB provides $3.1 million credit line facility to RSK Bank OJSC for on-lending to SMEs, trade, and infrastructure (Linked to Record ID#70924, #70938, #70935, #70934, and #70946)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | RSK Bank OJSC |
| Country | Kyrgyz Republic |
| Start Date | Jan 21, 2011 |
| End Date | Oct 08, 2027 |
| Duration | 6,104 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 70929 |
Grant Description
CDB provides $3.1 million credit line facility to RSK Bank OJSC for on-lending to SMEs, trade, and infrastructure On January 21, 2011, China Development Bank (CDB) signed $3,100,000 credit line facility with RSK Bank OJSC.
This loan was intended to be used for for various on-lending activities, including the development of small and medium size enterprises, trade and commerce between Chinese and Kyrgyz entrepreneurs, and the construction and rehabilitation of infrastructure in the Southern cities and regions of the Kyrgyz Republic.
By December 31, 2013, $3,100,000 had been drawn down from the credit line.
Staff Comments
- For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.
- The project status was coded as 'Implementation' because $3.1 million had been drawn down.
- For precision, the maturity was based on the number of days between the signing date and the maturity date (3,013) divided by 365, or 8.3 approximately.
- This project is linked with a RMB 2,255,000 credit line facility from CDB also signed on January 21, 2011 (see linked project ID#70938), and a $8 million credit line facility from CDB signed on June 7, 2012 (see linked project ID#70924), a RMB 1,754,041 credit line facility from CDB also signed on June 7, 2012 (see linked project ID#70946), a RMB 2,255,000 credit line facility from CDB signed on January 21, 2011 (see linked project ID#70938), a $900,000 credit line facility from CDB signed on August 13, 2007 (see linked project ID#70935), and a $2.5 million credit line facility from CDB signed on August 28, 2008 (see linked project ID#70934).
Sources & References
- About the Bank
- RSK Bank OJSC Financial Statements for the year ended 31 December 2013
- RSK Bank OJSC Financial Statements for the year ended 31 December 2013 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
RSK Bank OJSC
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