PROJECT

Projects

Summary of Investment Information

Project Number

46898

Company Name

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

Date SPI Disclosed

Jun 30, 2023

Country

Paraguay

Region

Latin America and the Caribbean

Projected Board Date

Aug 4, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Sep 30, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Aug 2, 2023
Signed : Sep 15, 2023
Invested : Sep 28, 2023

Sector

Commercial Banking - General

Project Description

The proposed investment consists of: (i) a senior A loan of up to US$50 million, (ii) a B loan of up to US$25 million, and (iii) a Trust Loan under IFC’s Managed Co-Lending Portfolio Program of up to US$37.5 million to Banco Continental S.A.E.C.A. (“Continental” or the “Bank”) to expand the Bank’s small and medium enterprises (“SMEs”) lending program, of which at least 25% will be on-lent to Women-Owned SMEs (“WSMEs”) (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation