Merger makes Irish-owned bank largest in Paraguay

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Merger makes Irish-owned bank largest in Paraguay
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A Paraguayan bank owned by Irishman Conor McEnroy has merged with another to become the biggest in the South American country.

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Sudameris’s merger with Banco Regional, which is majority owned by Rabobank, “is subject to the approval of the Central Bank of Paraguay and other competent institutions”, the two banks said in a joint statement.

If it is approved, Sudameris will now become the country’s biggest bank by assets, with a total of $4.8 billion ...

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