2022 Report and Financial Statements
2022 REPORT AND FINANCIAL STATEMENTS - BANCO REGIONAL
LETTER FROM THE PRESIDENT
ECONOMIC AND FINANCIAL PERFORMANCE
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d.2. Minimum Capital
The minimum inflation-indexed capital for 2022 which, by virtue of the provisions of the Central Bank of Paraguay, banks operating in the national financial system must have as integrated capital by December 31,
2022, is Gs. 60.514 million (Gs. 56.647 million for December 31, 2021). Any eventual capital shortfall of an institution with respect to the minimum capital required annually from financial institutions must be covered
before the end of the first half of each year.
As of December 31, 2022, and 2021, the Bank had an integrated capital for a total of Gs. 1.084.664.800.000 and Gs. 1.081.242.800.000 respectively, higher than the minimum required by the regulations of the
Central Bank of Paraguay as at those dates.
d.3. Adjustments from previous financial years
The BCP's Plan and Accounts Manual establishes that the adjustments of results from previous years are recorded in the income statement without affecting the Bank's equity accounts. As of December 31, 2022,
the net adjustment is a gain of Gs. 2.025.835.766 included in "Adjustment of prior years' results" (Loss of Gs.3.307.397.639 as of December 31, 2021).
d.4. Redemption of preferred stock
The Extraordinary General Shareholders' Meeting held on July 30, 2021, according to Minute No. 56, unanimously approved the redemption of preferred shares for a total amount of Gs. 70.000.000.000.
E. INFORMATION REGARDING CONTINGENCY AND MEMORANDUM ACCOUNTS
a) Contingency accounts
The balance of the contingency accounts as of December 31, 2022 and 2021 respectively, relates to credit lines granted to debtors for credit card operations, loans agreed on current accounts, and other agreed lines
pending use. Together, these lines of credit do not exceed 10% of total assets. The composition of the balance is as follows:
ITEMS
Guarantees issued
Credits to be used through the use of cards
Documentary credits to be negotiated
Credits to be used in current accounts
Total
b) Memorandum accounts
December 31, 2022
Gs.
529.488.728.339
374.917.955.555
287.856.879.079
135.920.089.219
1.328.183.652.192
December 31, 2021
Gs.
575.116.122.763
357.157.053.269
379.693.223.088
204.036.470.754
1.516.002.869.874
The balance of memorandum accounts as of December 31, 2022 and 2021 respectively, corresponds to guarantees received in favor of the Bank for loans or other obligations arising from financial intermediation,
securities and documents deposited with the Bank for safekeeping, securities corresponding to bills of exchange and remittances received in the process of acceptance or collection for import operations. The
composition of the balance is as follows:View entire presentation