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. 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.
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.
|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|
- Latin America & The Caribbean
- Financial Institutions
- Signing date
- Total FMO financing
- USD 13.00 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)