Paraguayan financial system receives new support

(Caracas, August 12, 2011).- As part of its strategy, CAF - Latin American development bank - will strengthen the financial systems of the region by granting a revolving line of credit to Banco Amambay for US$3 million.

CAF President & CEO Enrique García said the institution supported the public and private financial sector in Latin America "with objective of ensuring that the financial institutions of our shareholder countries have the funds needed to cover foreign trade transactions and working capital of their customers."

"CAF's participation in financing the sector - Enrique García said - has grown steadily in recent years and has achieved a significant improvement in support for the policies of financial sector."

The CAF lines of credit will help Banco Amambay finance the needs of its export customers and those requiring medium-term investments.

Banco Amambay has one of the best risk ratings (CADEF) granted by the Paraguay Superintendency of Banks, ranked as the fifth best financial institution in Paraguay.