BANCO CONTINENTAL 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 Continental is a leading small- and medium-sized enterprise (SME) and corporate bank in Paraguay. Banco Continental is one of the founding members of the 'Mesa de Finanzas Sostenibles', a platform where Paraguayan banks have organized themselves to agree on minimum levels of environmental and social risk management in their loan portfolios.
What is our funding objective?
FMO's funding provided in 2014 (US$ 15 mln) and the funding mobilized from commercial banks (US$ 35 mln) enables Banco Continental to provide scarce long tenor US$ loans to its clients. Long tenor US$ funding remains scarce in Paraguay, but is highly needed to enable the required capital expenditure for economic development.
Why do we fund this investment?
FMO provides financing to Banco Continental as it is very efficient in channeling funds to SMEs corporates in Paraguay. Banco Continental and FMO cooperate on managing environmental and social risk in the bank's portfolio through the implementation of an environmental and social risk management system.
More investments
| Date | Total FMO financing |
|---|---|
| 7/23/2021 | USD 15.00 MLN |
| 8/27/2018 | EUR 0.04 MLN |
| 7/25/2019 | USD 21.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Financial Institutions
- Effective date
- 11/13/2014
- End date
- 7/13/2021
- Total FMO financing
- USD 13.00 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) - A