Project detail - BANCO CONTINENTAL S.A.E.C.A.

BANCO CONTINENTAL S.A.E.C.A.

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Who is our client

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.

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 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.

More investments

Date Total FMO financing
7/25/2016 USD 15.00 MLN
7/12/2016 EUR 0.04 MLN
12/17/2013 USD 21.00 MLN
Region
Latin America & The Caribbean
Country
Paraguay
Sector
Financial Institutions
Signing date
11/13/2014
Total FMO financing
USD 13.00 MLN
Fund
FMO
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