A Comprehensive Guide to the Major Banks in Paraguay
From State-Owned Institutions to Private Banks - Discover the Top Banks in Paraguay and Their Services


Paraguay is a landlocked country located in South America, with a relatively small banking sector compared to some of its neighbors. Despite this, the country's banking system is well-developed and offers a range of services to both individuals and businesses. Here is a list of the major banks in Paraguay, ranked by size:
Banco Continental - Founded in 1993, Banco Continental is the largest bank in Paraguay, with total assets of over $3.5 billion. The bank is a subsidiary of the Spanish banking group BBVA and has a strong presence in the country, with over 100 branches.
Banco Itaú Paraguay - Founded in 1974, Banco Itaú Paraguay is a subsidiary of the Brazilian banking group Itaú Unibanco. The bank has total assets of over $2.5 billion and a network of over 50 branches in Paraguay.
Banco Nacional de Fomento - Founded in 1948, Banco Nacional de Fomento is a state-owned bank that focuses on financing development projects in the country. The bank has total assets of over $1.5 billion and a network of over 70 branches.
Banco GNB Paraguay - Founded in 1957, Banco GNB Paraguay is a subsidiary of the Colombian bank Grupo GNB Sudameris. The bank has total assets of over $1 billion and a network of over 30 branches in Paraguay.
Banco Regional - Founded in 1974, Banco Regional is a privately-owned bank with total assets of over $600 million. The bank has a network of over 20 branches in Paraguay and focuses on retail banking services.
Sudameris Bank - Founded in 1957, Sudameris Bank is a subsidiary of the Uruguayan banking group Sudameris. The bank has total assets of over $500 million and a network of over 20 branches in Paraguay.
Vision Banco - Founded in 1996, Vision Banco is a privately-owned bank with a focus on microfinance. The bank has total assets of over $400 million and a network of over 30 branches in Paraguay.
Banco Atlas - Founded in 1963, Banco Atlas is a privately-owned bank with total assets of over $300 million. The bank has a network of over 15 branches in Paraguay and focuses on retail banking services.
Banco Familiar - Founded in 1986, Banco Familiar is a privately-owned bank with a focus on serving families and small businesses. The bank has total assets of over $250 million and a network of over 30 branches in Paraguay.
Banco Amambay - Founded in 1981, Banco Amambay is a privately-owned bank with total assets of over $200 million. The bank has a network of over 15 branches in Paraguay and focuses on retail banking services.
In conclusion, Paraguay's banking sector is dominated by a few large banks, with Banco Continental and Banco Itaú Paraguay being the two largest banks in the country. While most of the banks on this list are based in Paraguay, some are subsidiaries of foreign banks, such as Banco GNB Paraguay and Sudameris Bank. With a well-developed banking system and a growing economy, Paraguay is an attractive destination for investors and businesses looking to expand in South America.
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