Banco Amambay is a Paraguayan bank established in 1992. It is part of president Horacio Cartes' Grupo Cartes business conglomerate. It is headquartered in Asunción and had assets of $333.4 million and equity of $51.1 million as of June 2012. As of June 2012 Banco Amambay had around 2.8% of Paraguay's deposits (the 13th-largest by loan size), with its top 20 depositors accounting for 61% of its deposits.
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