Original disclosure @ ADB website
Updated in EWS Jun 25, 2020
Disclosed by Bank Aug 20, 2019
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According to the bank documentation, a senior loan of up to $60 million to finance the development and operations of wastewater treatment plants for industrial and municipal wastewater
Ordinary capital resources (ADB) US$ 60.00 million
Bank of Ningbo has set up 13 branches outside Ningbo district in the cities of Shanghai, Hangzhou, Nanjing, Shenzhen, Suzhou, Wenzhou, Beijing, Wuxi, Jinhua, Shaoxing, Taizhou, Jiaxing and Lishui, with an overall 346 business networks. Bank of Ningbo also successfully set up Maxwealth Fund Management Co., Ltd. in November 2013; Maxwealth Financial Leasing Co., Ltd., the wholly-owned subsidiary of Bank of Ningbo was officially opened in May 2015.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Maxwealth Financial Leasing Co., Ltd.||Client||-|
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Huang, Biao
*There is no further information being disclosed at this stage of the project*
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main