Project Category
Project Category
BANKING AND FINANCIAL SERVICES
Project Description
Project Description
The proposed project consists of a 5-year loan for US$50 million to be provided by IFC to Banco Continental S.A.E.C.A. ("Continental" or the "Bank") to support its lending activities to export-oriented small and medium enterprises ("SMEs") in Paraguay, and an additional US$25 million loan under IFC`s Managed Co-Lending Portfolio Program ("MCPP") under the same terms and conditions (the "Project"). Continental is the largest bank in Paraguay in terms of loans. The Bank employs 1,266 staff and has 60 branches across the country. In addition, the Bank has a small subsidiary in the south of Brazil, Novo Banco Continental, which has 4 branches in that country.
Country
Country
Paraguay
Our Reference Number
Our Reference Number
2001318150411
 
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