SUDAMERIS BANK S.A.E.C.A.
Status: Approved 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 is a mid-sized bank (#5 in Total Assets, and market share of ~7%) active in Paraguay, serving the corporate, Small and Medium Sized Enterprises, and retail segments.
What is our funding objective?
Through this 7.5% stake we want to continue our relationship with the bank in order to further develop Environmental and Social practices in Paraguay and support Sudameris in the organic growth of the loan portfolio.
Why do we fund this investment?
The bank is an important sparring partner for FMO in the Environmental and Social roundtable for banks in Paraguay. Here, important Environmental and Social aspects related to Paraguay are being discussed, for which Sudameris has developed the Environmental and Social guide for the cattle sector. We deem it important to remain involved in the Financial Sector in Paraguay in order to keep on improving Environmental and Social practices in Paraguay.
What is the Environmental and Social categorization rationale?
Sudameris, a category A risk client, 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 |
| 6/17/2022 | USD 10.00 MLN |
| 8/14/2018 | EUR 0.03 MLN |
| 1/4/2021 | USD 10.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Financial Institutions
- Publication date
- 7/18/2018
- Effective date
- 9/19/2018
- Total FMO financing
- 7.5%
- Funding
- FMO NV
-
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