Free directory of all 27 correspondent bank SWIFT/BIC codes registered in PARAGUAY. Click any bank to view its full record and track an international SWIFT payment routed through it.
Paraguay's SIPAP RTGS processes PYG settlements and Asunción has a reputation as a low-tax financial hub. Banco Continental, Itaú Paraguay, and BBVA Paraguay are the primary SWIFT correspondents, processing soybean and cattle export proceeds (Paraguay is the world's fifth-largest soybean exporter), hydroelectric power revenues from Itaipú (the world's largest operating hydropower plant by energy production, operated jointly with Brazil), and re-export trade finance flows from the Ciudad del Este free trade area.
| RTGS / Settlement System | SIPAP (Sistema Integrado de Pagamentos Automáticos do Paraguay — BCP RTGS) |
|---|---|
| Currency | PYG — Paraguayan Guaraní |
| Central Bank | Banco Central del Paraguay (BCP) |
| Typical SWIFT Timing | 2–4 days (LatAm corridor); 3–6 days (international) |
Most international SWIFT wires arrive in Paraguay within 2–5 business days. Payments cleared through correspondent banks may take longer depending on intermediary routing and local cut-off times.
Paraguay processes large-value interbank settlements through SIPAP RTGS. Retail transfers typically use ACH or local clearing networks, while cross-border wires enter via SWIFT.
The primary settlement currency is PYG — Paraguayan Guaraní. Foreign-currency wires are converted at the receiving bank's prevailing rate unless a specific currency account is held at the beneficiary institution.
Total correspondent banks indexed: 27