SUDAMERIS BANK S.A.E.C.A.
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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
Established in 1958, Sudameris Bank S.A.E.C.A. (“Sudameris”) is active and operational in Paraguay but 98.2% owned by the Irish Abbeyfiled Group Ltd through Abbeyfield Financial Holdings. It is a commercial bank, offering products to corporate clients, retail clients and SMEs. Corporate clients have traditionally formed the largest part of the lending portfolio, followed by SMEs and retail clients however, Sudameris has been successful in increasing its retail client base and SME portfolio.
What is our funding objective?
To support Sudameris to co-fund the services of external consultants for TA assistance for a green credit line and in particular the implementation of green lending facilities (toolkit).
Why do we fund this investment?
To help Sudameris with the development of a green loan product that will help the FI to on-lend to several smaller projects in Paraguay.
More investments
| Date | Total FMO financing |
|---|---|
| 12/16/2022 | USD 40.00 MLN |
| 10/20/2020 | USD 40.00 MLN |
| 12/19/2019 | USD 40.00 MLN |
| 9/19/2018 | 7.5% |
| 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
- 10/23/2020
- Effective date
- 11/18/2020
- Total FMO financing
- EUR 0.03 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