BANCO RIO S.A.E.C.A.
Status: Completed 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
Banco Itapúa, based in Paraguay, is an SME, corporate and retail bank with a regional and agricultural focus. In 2008, the company was transformed into a fully regulated bank. Itapúa finances working capital and capex for SMEs and also discounts promissory notes and cheques given by agri traders to their suppliers.
What is our funding objective?
FMO is providing financing for growth of the bank's loan portfolio.
Why do we fund this investment?
Itapúa finances small scale farmers and SMEs. Financing this business is in line with FMO's ambition to finance agri producers and promote inclusive finance. FMO's financing is also additional, as we provide much needed long-tenor USD funding.
More investments
| Date | Total FMO financing |
|---|---|
| 10/1/2024 | USD 45.00 MLN |
- Website customer/investment
- http://www.bancoitapua.com.py/
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Financial Institutions
- Effective date
- 6/11/2014
- End date
- 6/8/2021
- Total FMO financing
- USD 15.00 MLN
- 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) - B