BancoSol acquires new Bolivian shareholder

BancoSol has announced the incorporation of Inversiones Continental Equity Group S.A. as a new shareholder. The Bolivian investment group acquired a 17.99% stake, which was previously held by a group of international impact investment funds.

The transaction is described as a planned shareholder transition aligned with the investment cycles of the departing international funds. Major shareholders, including Accion, FMO, and the Danish Sustainable Development Goals Investment Fund K/S, have expressed their support for the move, reaffirming their long-term commitment to the bank's institutional strategy.

Esteban Altschul, Chairman of the Board of BancoSol, stated that the operation strengthens the bank's solidity and supports its mission to promote inclusive finance and economic growth in Bolivia. Rodrigo Bedoya, Chairman of the Board of Inversiones Continental Equity Group S.A., noted that the investment reflects a long-term vision and an alignment of values between the two institutions.