Standard & Poor's report published in September 2024 notes that FONPLATA has been working to strengthen its presence among its shareholders, as evidenced by the recently approved general capital increase of USD 3.5 billion.

The analysis underscores the high levels of capitalization and liquidity as the basis for the rating, as well as the Bank's efforts in recent years in terms of funding diversification and enhancement of its operational capabilities and risk management.

It also notes that some recent rebalancing of its loan portfolio and some members’ improved creditworthiness support its very strong capital adequacy ratio, while the issuance of two sustainable bonds in 2024 adds diversification and expands its funding base.

Additionally, it points out the current strengthening of FONPLATA's presence in the region as the financial arm of MERCOSUR, with the recent accession of Bolivia, achieving the objectives of promoting projects for the region's integration and responding to the financing needs of its member countries.

For further information, access the S&P report HERE.

09/12/2024