SUDAMERIS BANK S.A.E.C.A.
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Sudameris Bank is a mid-sized bank that offers a full range of banking services. The main focus of the bank is the corporate sector, with market shares between 6-13% in the agriculture, cattle, industrial and large commercial segments.
What is our funding objective?
FMO provided a second tranche of Tier 2 qualifying subordinate debt to facilitate organic growth of the bank. Market growth in Sudameris' main segments has been high over the last years at 15-30% per annum and growth, albeit at a slower pace, is expected to continue in the coming years. Sudameris will use the additional capital provided by FMO to increase its loan portfolio, leveraging it to increase long-tenor lending to SMEs and corporates in Paraguay.
Why do we fund this investment?
Sudameris Bank is one of the first banks in Paraguay to have implemented an environmental and social management system. The bank also played a key role in the development of the sustainability sector initiative, 'Mesa de Finanzas Sostenibles', or Sustainable Finance Round Table. Through these action Sudameris has set an example for better environmental and social practices in the financial sector and towards clients and society more broadly.
More investments
| Date | Total FMO financing |
|---|---|
| 12/16/2022 | USD 40.00 MLN |
| 11/18/2020 | EUR 0.03 MLN |
| 10/20/2020 | USD 40.00 MLN |
| 12/19/2019 | USD 40.00 MLN |
| 9/19/2018 | 7.5% |
| 8/14/2018 | EUR 0.03 MLN |
| 1/4/2021 | USD 10.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Financial Institutions
- Effective date
- 6/29/2015
- End date
- 6/17/2022
- Total FMO financing
- USD 10.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A