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 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 we fund this project

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