2022 Report and Financial Statements
2022 REPORT AND FINANCIAL STATEMENTS - BANCO REGIONAL
LETTER FROM THE PRESIDENT
ECONOMIC AND FINANCIAL PERFORMANCE
1.3. OPINIONS AND
RISK RATINGS
BCA
BENITEZ CODAS
& ASOCIADOS
Corresponsal en el Paraguay de
KPMG International Cooperative
KPMG International
Independent Auditor's Report
Messrs.
President and Members of the Board
Banco Regional S.A.E.C.A.
Report on the Financial Statements
We have audited the accompanying financial statements of Banco Regional S.A.E.C.A., which
comprise the balance sheet as of December 31, 2022, the income statement, statements of changes
in equity and cash flow for the year then ended, and a summary of significant accounting policies
and other explanatory notes.
Management's Responsibility for the Financial Statements
The Entity's management is responsible for the preparation and fair presentation of these financial
statements in accordance with accounting standards and valuation criteria, risk classification
criteria and presentation regulations established by the Central Bank of Paraguay, and for matters
not addressed in these regulations, with standards issued by the National Securities Commission
and with the financial reporting standards issued by the Public Accountants Council of Paraguay.
This responsibility includes the designing, implementing and maintaining internal control relevant
to the preparation and presentation of financial statements free from material misstatements,
whether due to fraud or error; selecting and applying appropriate accounting policies; and making
accounting estimates that are reasonable in the circumstances.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with standard independent audits established by the
Superintendency of Banks of the Central Bank of Paraguay through its Resolution SB.SG. N°
313/2001 and with audit standards in effect in Paraguay issued by the Board of Public Accountants
of Paraguay. Those standards require that we comply with ethical requirements and plan and
perform the audit to obtain reasonable assurance whether the financial statements are free of
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on our judgment, including
the assessment of the risks of material misstatement of the financial statements, whether due to
fraud or error. In making those risk assessments, we consider internal control relevant to the
entity's preparation and fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the
appropriateness of accounting principles used and the reasonableness of accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.
[email protected]
Firmado
digitalmente por
JAVIER ANDRES
BENITEZ DUARTE
www.bca.com.py
Av. Brasilia 707
Asunción - Paraguay
+595 (21) 212 505
BCA
Opinion
BENITEZ CODAS
& ASOCIADOS
Corresponsal en el Paraguay de
KPMG International Cooperative
KPMG International
In our opinion, the financial statements present fairly, in all material respects, the financial position
of Banco Regional S.A.E.C.A. as of December 31, 2022 and of its financial performance, statement
of changes in equity and its cash flows for the year then ended in accordance with accounting
standards and valuation criteria, risk classification criteria and presentation regulations established
by the Central Bank of Paraguay, and for matters not addressed in these regulations, with standards
issued by the National Securities Commission and with the financial reporting standards issued by
the Public Accountants Council of Paraguay
Other matters
The financial statements of Banco Regional S.A.E.C.A. for the year ended December 31, 2021,
were audited by other auditors whose opinion dated February 28, 2022, expresses an
unqualified opinion.
Asunción, February 15, 2023
BCA Benítez Codas & Asociados
External Auditor Registry “SIB” Res. N° 500/98
B
Javier Benítez Duarte
Partner
License Council CPP 528A
License School CPy C652
4
3
[email protected]
www.bca.com.py
Av. Brasilia 707
Asunción Paraguay
+595 (21) 212 505
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