Banco Familiar’s $4.6 Million Loan


Fiorio, Cardozo & Alvarado and FERRERE advised on the transaction

Banco Familiar S.A.E.C.A. secured a $4.6 Million Loan from Instituto de Previsión Social de Paraguay (IPS). The credit has been granted by BID Invest.

Banco Familiar SAECA offers banking services in Paraguay. The Bank, led by Alberto Enrique Acosta Garbarino and Hilton Giardina Varela, is based in Asuncion.

FERRERE advised BID Invest with Carlos Codas (Picture) Manfred Heyn and Beatriz Recalde.

Fiorio, Cardozo & Alvarado advised Banco Familiar S.A.E.C.A. with Juan Bautista Fiorio and Adolfo Rautenberg.

Involved fees earner: Juan Bautista Fiorio – Fiorio, Cardozo & Alvarado; Adolfo Rautenberg – Fiorio, Cardozo & Alvarado; Carlos Codas – Ferrere Attorneys; Manfred Heyn – Ferrere Attorneys; Beatriz Recalde – Ferrere Attorneys;

Law Firms: Fiorio, Cardozo & Alvarado; Ferrere Attorneys;

Clients: Banco Familiar S.A.E.C.A.; BID Invest;

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Author: Ambrogio Visconti.