2022 Report and Financial Statements
2022 REPORT AND FINANCIAL STATEMENTS - BANCO REGIONAL
LETTER FROM THE PRESIDENT
ECONOMIC AND FINANCIAL PERFORMANCE
15
According to the Consumer Price Index published by the Central Bank of Paraguay, accumulated inflation on December 31, 2022, and 2021, was 8.1% and 6.8%, respectively.
In addition to the requirements of the Central Bank of Paraguay, the following relevant accounting policies have been used:
•
• To preparing the Statement of Cash Flows, Cash and Cash Equivalents net of the corresponding allowances are considered as cash.
⚫ comparative figures are presented.
⚫ the Statement of Changes in Shareholders' Equity is presented; and
• additional disclosures are included in the notes to the financial statements.
(i) Estimates:
The preparation of these financial statements requires the Board of Directors and Management of the Entity to make certain estimates and assumptions that affect the balances of assets and liabilities, the exposure
to contingencies and the recognition of income and expenses. Assets and liabilities are recognized in the financial statements when it is probable that future economic benefits will flow to or from the Entity and that
the various items will have a cost or value that can be reliably measured. If, in the future, these estimates and assumptions, which are based on the judgment of the Board of
Directors and Management at the date of these financial statements, are changed from the current circumstances, the original estimates and assumptions will be appropriately modified on the date that such
changes occur. The main estimates related to the financial statements refer to provisions for doubtful assets and credit risks, depreciation of fixed assets, amortization of deferred charges and allowances to cover
other contingencies, and possible legal proceedings initiated against the Entity.
(ii) Comparative information:
The financial statements as of December 31, 2022, and the supplementary information related are presented in a comparative manner with the corresponding statements and supplementary information for the year
ended December 31, 2021.
b.3 Foreign branches
The Entity does not have any foreign branches.
b.4 Participation in other companies
The holdings in the capital of other companies as of December 31, 2022 and 2021 respectively, was as follow:
COMPANY NAME
December 31, 2022
Bancard S.A. - Paraguay
Regional Casa de Bolsa S.A.
Regional S.A. Seguros
VISA INC USA
SWIFT
Total
CONDITION
INVESTMENT CURRENCY
Affiliate
Gs.
Affiliate
Gs.
Affiliate
Gs.
Not Affiliate
US$
Not Affiliate
EUR
NOMINAL VALUE
% PARTICIPATION
BOOK VALUE GS.
9.675.000.000
29.931.000.000
39.009.000.000
7,14%
99,99%
99,99%
1
Minority
19.800
Minority
10.482.846.968
29.931.000.000
55.408.940.883
7.801
111.035.560
95.933.831.212View entire presentation