BANCO CONTINENTAL S.A.E.C.A.
Who is our client
Banco Continental is a leading small- and medium-sized enterprise (SME) and corporate bank in Paraguay.
FMO's funding and the funding mobilized from other development finance institutions enables Banco Continental to provide scarce long tenor USD loans to its clients. Long tenor USD funding remains scarce in Paraguay, but is highly needed to enable the required capitail expenditure for economic development.
Why we fund this project
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. Banco Continental is one of the founding members of the 'Mesa de Finanzas Sostenibles', a platform in which Paraguayan banks have organized themselves to agree on minimum levels of environmental and social risk management in their loan portfolios.
|Date||Total FMO financing|
|7/25/2016||USD 15.00 MLN|
|7/12/2016||EUR 0.04 MLN|
|11/13/2014||USD 13.00 MLN|
- Latin America & The Caribbean
- Financial Institutions
- Signing date
- Total FMO financing
- USD 21.00 MLN
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)