DEG commits to invest $40m in China’s Bank of Qingdao

DEG commits to invest $40m in China’s Bank of Qingdao

Photo by Naja Bertolt Jensen on Unsplash.

DEG, the investment arm of German state-owned development bank KFW, has committed to invest $40 million in a senior blue loan to Bank of Qingdao, a Chinese commercial lender listed in Hong Kong and Shenzhen.