Banco Continental S.A.E.C.A. (Paraguay)

Banco Continental was founded on November 10, 1980. In 2004, with the acquisition of a shareholding package by a group of Paraguayan investors, Banco Continental began a process of restructuring to meet the primary objective of offering bank business-oriented excellence and personal banking. Today, it occupies a position of indisputable leadership in the field of financial banking, positioning itself as the number one bank in net placements between domestic and foreign capital banks, according to the report issued by the BCP as of August 31, 2014. It has a wide territorial coverage, with almost 70 offices distributed throughout the Paraguayan territory. The bank began an internationalization phase in 2009, when the World Bank became a shareholder of Banco Continental and in this way became the first Paraguayan bank to receive an investment from this institution, thus consolidating relations at international level . As a follow-up to its strategic business plan, the bank marked another historical milestone in the Paraguayan financial system, with the purchase of 100% of NBC Bank Brasil S.A. shares in the city of Porto Alegre in Rio Grande do Sul, Brazil. In this way, the bank consolidated the commercial relationship between Paraguay and Brazil, stimulated by the important corporate advantages that Paraguay gives to regional and global economies.