BANCO CONTINENTAL S.A.E.C.A.
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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 2016 (USD 15 million) and the funding mobilized from development and commercial banks as well as impact investment funds (USD 85 million) enables Banco Continental to provide long tenor USD loans to its clients. Almost half of the financing will be used exclusively for SMEs the rest will be used to organically grow Banco Continental's loan portfolio. Long-term 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 a very efficient way to channel long term funding to SMEs and 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 |
|---|---|
| 8/27/2018 | EUR 0.04 MLN |
| 7/13/2021 | USD 13.00 MLN |
| 7/25/2019 | USD 21.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Financial Institutions
- Effective date
- 7/25/2016
- End date
- 7/23/2021
- 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) - A