Paraguay

Value Creation Factors:

 

• Entry price
• Partially deferred consideration (seller financing)
• Professionalisation of the Board
• Attracting top managers with appropriate incentives
• Bringing best banking practices to a tired, abandoned operation
• Self financed fixed asset upgrade/expansion

• Workout/Sale of non-earning assets

Over the first two years the following main initiatives have been implemented:

• All controls, policies and procedures were audited and redesigned for operational and risk issues.
  
  
• A complete new suite of risk management policies were introduced in operations, finance and credit
  
  
• A strategic plan established to reposition the bank in the market and a budgeting process with performance benchmarks installed
  
  
• A new corporate image management programme was developed and implemented
  
  
• An investment programme in fixed assets was developed and implemented; giving focus to a systems and technology upgrade and real estate footprint
  
  
• A programme of reduction in non-earning assets focussed on visible assets (Seized Real Estate, Non-Performing Loans and physical cash) and written off loans
  
  
• A redesign of staff remuneration and related incentives; a revision of labour agreements; and, staff re-deployment
  
  
  

The bank will soon complete its fourth year of operations under the Abbeyfield Group management achieving in all years double digit growth in its equity, return on equity and net profits.

Please visit the Sudameris Bank website at: www.sudamerisbank.com Sudameris Bank Independencia Nacional Esq. Cerro Cora Asuncion Paraguay Tel: +595.21.416.6000

Available Downloads Annual Report 2008 Annual Report 2007 Annual Report 2006 Annual Report 2005 Annual Report 2004