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Banco Amambay
Banco Amambay is a Paraguayan bank established in 1992. It is part of president Horacio Cartes' Grupo Cartes Grupo Cartes is a business conglomerate owned by Paraguay's ex-president Horacio Cartes. It includes the cigarette company Tabacalera del Este (Tabesa), as well as beverage, banking, agricultural, transportation and trading interests. The group s ... business conglomerate. It is headquartered in Asunción and had assets of $333.4 million and equity of $51.1 million as of June 2012. As of June 2012 Banco Amambay had around 2.8% of Paraguay's deposits (the 13th-largest by loan size), with its top 20 depositors accounting for 61% of its deposits. Moody's, 11 October 2012Rating Action: Moody's rates Banco Amambay S.A./ref> References External linksBanco Amambay website {{Paraguay-company-stub Banks of Paraguay Banks established in 1992 Paraguayan brands ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paraguay
Paraguay (; ), officially the Republic of Paraguay ( es, República del Paraguay, links=no; gn, Tavakuairetã Paraguái, links=si), is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. It has a population of seven million, nearly three million of whom live in the Capital city, capital and largest city of Asunción, and its surrounding metro. Although one of only two landlocked countries in South America (Bolivia is the other), Paraguay has ports on the Paraguay River, Paraguay and Paraná River, Paraná rivers that give exit to the Atlantic Ocean, through the Paraná-Paraguay Waterway. Spanish conquistadores arrived in 1524, and in 1537, they established the city of Asunción, the first capital of the Governorate of the Río de la Plata. During the 17th century, Paraguay was the center of Reductions, Jesuit missions, where the native Guaraní people were converted to Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horacio Cartes
Horacio Manuel Cartes Jara (born 5 July 1956) is a Paraguayan businessman and politician who served as the president of Paraguay from 2013 to 2018. He is a member of the Colorado Party. Cartes owns about two dozen businesses in his Grupo Cartes conglomerate including tobacco, soft drinks, meat production, and banking. He was president of Club Libertad football club from 2001 until 2012, and had been the president of the national team department of the Paraguayan Football Association during the 2010 FIFA World Cup qualification. Because of his involvement in transnational crime and terrorist organizations, he has been designated as "significantly corrupt" by the United States. Business career Cartes' father was the owner of a Cessna aircraft franchise holding company and the young Horacio studied aviation mechanics in the United States. At the age of 19, he started a currency exchange business which grew into the Banco Amambay. Over the following years, Cartes bought or helped ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grupo Cartes
Grupo Cartes is a business conglomerate owned by Paraguay's ex-president Horacio Cartes. It includes the cigarette company Tabacalera del Este (Tabesa), as well as beverage, banking, agricultural, transportation and trading interests. The group said it employed about 3,500 people as of 2013. History According to the company's website, in October 1990 Cartes created the Livestock Sophia SA. The Tabesa cigarette company's website, states that he was one of the founders in 1994 of the cigarette company at Hernandarias, Alto Paraná along with Horacio Cartes, Jose Angel Avalos, Marcelino Zarate Riquelme, Pedro Knight and Cesar Cabral. The company is said to employ 1,150 as of 2013 and to have taken half the marketplace from Marlboro which previously dominated. The Cuban cigar company Tabacos del Paraguay S.A. was established and in 1999 the trading company Habacorp SRL was added to support the cigar brand. Agricultural business Chajha SA and Livestock Las Pampas SA also joined the gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asunción
Asunción (, , , Guarani: Paraguay) is the capital and the largest city of Paraguay. The city stands on the eastern bank of the Paraguay River, almost at the confluence of this river with the Pilcomayo River. The Paraguay River and the Bay of Asunción in the northwest separate the city from the Occidental Region of Paraguay and from Argentina in the south part of the city. The rest of the city is surrounded by the Central Department. Asunción is one of the oldest cities in South America and the longest continually inhabited area in the Río de la Plata Basin; for this reason it is known as "the Mother of Cities". From Asunción, Spanish colonial expeditions departed to found other cities, including the second foundation of Buenos Aires, that of other important cities such as Villarrica, Corrientes, Santa Fe, Córdoba, Santa Cruz de la Sierra and 65 more. Administratively, the city forms an autonomous capital district, not a part of any department. The metropolitan a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moody's
Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international financial research on bonds issued by commercial and government entities. Moody's, along with Standard & Poor's and Fitch Group, is considered one of the Big Three credit rating agencies. It is also included in the Fortune 500 list of 2021. The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss in the event of default. Moody's Investors Service rates debt securities in several bond market segments. These include government, municipal and corporate bonds; managed investments such as money market funds and fixed-income funds; financial institutions including banks and non-bank finance companies; and asset classes in structured finance. In Moody's Investors Servi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Paraguay
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1992
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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