2022 Report and Financial Statements
2022 REPORT AND FINANCIAL STATEMENTS - BANCO REGIONAL
LETTER FROM THE PRESIDENT
ECONOMIC AND FINANCIAL PERFORMANCE
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b. Permanent investments:
Permanent investments in equity investments in private companies (not quoted), which have been valued at cost plus capitalized dividends, which does not exceed their estimated realizable value.
c. Private fixed-income securities:
These are valued at the lower of either the cost-plus accrued interest receivable or their estimated realizable value, taking into consideration the criteria for the valuation of short, medium and long-term financial
investments established in Resolution No. 1, Minute 60 dated September 28, 2007 of the Board of Directors of the Central Bank of Paraguay and its subsequent amendments.
d. Fiduciary Rights:
The trust is one of the fiduciary business modalities regulated by Law No. 921/96, by virtue of which a person called "Settlor" delivers to another person called "Trustee", one or more specified assets, transferring the
ownership of such assets to the latter for the purpose of managing or disposing of them and using them for a specific purpose, either for the benefit of the former or of a third party, called “Beneficiary". Any kind of
property or right, the delivery of which is not prohibited by law, may be the subject of a trust. In the trust, the transfer of the ownership of the trust property gives rise to the formation of an "Autonomous Estate", which
is assigned to the fulfillment of the purpose indicated by the "Settlor" in the constitutive act. Article 48 sub. b) of Resolution No. 12, Minute No. 9 of the Central Bank of Paraguay of February 15, 2011, regulates the
possibility of setting up trusts for the administration of portfolios belonging to financial entities that hold portfolios of categories 4, 5 and 6, provided that the Trustee has the necessary capacity to follow the process of
rating the debtors' assets, in accordance with the rules of the Central Bank of Paraguay on the classification of asset risks. The Autonomous Estate of the Portfolio Management Trust was constituted with the transfer of
ownership of a Category 6 Loan Portfolio owned by Banco Regional SAECA, which is instrumented through binding documents according to the nature or type of banking operation, to the trustee entity Visión
Banco SAECA.
e. Other investments:
Corresponds to works of art that are valued at acquisition cost, which does not exceed their recoverable value.
The composition of investments as of December 31, 2022 and 2021 respectively, is as follows:
As of December 31, 2022
ITEM
BOOK BALANCE BEFORE ALLOWANCES
Gs.
ALLOWANCES
Gs. (NOTE c.7)
BOOK BALANCE NET OF ALLOWANCES
Gs.
296.997.019.041
184.715.126.592
(96.333.726.171)
(153.922.568.335)
95.933.831.492
66.762.999.985
1.125.000.000
200.663.292.870
30.792.558.257
95.933.831.492
66.762.999.985
1.125.000.000
Assets received in recovery of receivables
Fiduciary rights
Permanent investments in private companies
(note b.4)
Permanent investments - Bonds of Tape Pora SA
Permanent investments - Subordinated bonds
Investments in fixed-income securities issued by
the private sector
Income on investments in the private sector
Other investments
Total
68.851.000.000
777.990.886
4.774.855
715.167.742.851
(250.256.294.506)
68.851.000.000
777.990.886
4.774.855
464.911.448.345View entire presentation