#Bladex #Paraguay #Asunción #Sudameris Bank

Bladex Supports Sudameris Bank's Growth with New Syndicated Loan

Banco Latinoamericano de Comercio Exterior, S.A. (known as Bladex), successfully closed a significant syndicated loan of USD 120 million for Sudameris Bank, a leading financial institution in Paraguay. This milestone transaction is expected to accelerate the growth of Sudameris Bank and its role in supporting the financial needs of small and medium-sized enterprises (SMEs) in the region.

This loan signifies a continuation of the long-standing partnership between Bladex and Sudameris, which has been integral in bolstering Paraguay's financial infrastructure. Over the years, both organizations have collaborated on various initiatives aimed at fostering economic growth and enhancing access to financial services across Latin America.

With the participation of ten banks in this syndication, six of which have joined Sudameris for the first time, this investment not only broadens the bank's array of international partners but also reinforces the confidence in its strategic vision. This diverse partnership emphasizes the crucial role that regional banks play in promoting sustainable economic development throughout Latin America.

An impressive aspect of the transaction was the swift structuring and coordination achieved by Bladex, which managed to finalize the deal in just under two months. This remarkable achievement underscores Bladex’s agility and its profound understanding of the local market dynamics, allowing timely capital mobilization to leverage favorable economic conditions.

The overall demand for the loan was notably high, with it being oversubscribed, indicating strong market trust in Paraguay's economic stability, as well as confidence in the growth trajectory of Sudameris Bank. The proceeds from this loan will be channeled towards advancing Sudameris’s capacity to provide essential financing solutions for SMEs and corporations, aiming to enhance their competitiveness both locally and on a larger regional scale.

Jorge Salas, CEO of Bladex, expressed pride in his organization’s role in fostering economic opportunities, stating, "We are committed to developing financial solutions with Sudameris that are pivotal for the growth of Latin America. This transaction reaffirms our dedication to being a long-standing strategic partner, supporting key institutions like Sudameris in their journey towards growth and consolidation."

Conor McEnroy, Chairman of Sudameris Bank, highlighted the importance of this financing, saying, "This financing reflects the strength of our institution and underscores the support we receive from the regional financial system. We sincerely appreciate Bladex's leadership and partnership as we embark on this new phase of expansion aimed at increasing access to credit for more Paraguayan enterprises."

Bladex, headquartered in Panama with expansive operations throughout the region, is increasingly recognized as a central figure in structuring financial solutions that facilitate regional trade and investment. They remain dedicated to their mission: to create avenues for sustainable economic development. On the other hand, Sudameris Bank, based in Asunción, has established itself as the leading lender to the productive sector in Paraguay, excelling in areas such as agriculture, livestock, and industry. The bank's strong commitment to community growth is evident in its strategic initiatives aimed at expanding financing options for both corporations and SMEs, thereby reinforcing its status as a vital institution dedicated to Paraguay's economic advancement.

Through this successful loan transaction, Bladex and Sudameris Bank are setting a robust foundation for future investments and growth, contributing positively to the overall economic landscape of Paraguay and reaffirming the importance of collaborative efforts across the financial sector to support local businesses and foster economic resilience.