Banco para la produccion y la comercializacion SA
BIO has granted a USD 5 M loan to Banco para la produccion y la comercializacion SA (Bancop), a commercial bank in Paraguay.
Amount
€ 4,257,500.00
Type of investment
Debt
Development impacts
- Local economic growth
- Food security & rural development
- Promotion of ESG best practices
Beneficiary locations
Investment field
Financial Institutions
Activity
Commercial bank
Organisation
Banco para la Comercialización y la Producción SA
Website
https://www.bancop.com.py/Domicile
BIO first invested in Bancop in 2014 shortly after its creation in 2012. Since then, the bank achieved to position itself clearly in its target market, with a loan portfolio of USD 370 M, and serving about 15,000 clients.
Bancop acts as a universal bank with a strong focus on financing agricultural and livestock activities (representing >60% of the country’s exports). Since its creation in 2012, the company has demonstrated solid growth and resilience together with conservative risk management.
Thanks to its cooperative ownership, the bank benefits from an excellent network and reputation that is its source of growth.
The bank has a knowledgeable and stable management team and a committed shareholding base.
Development impacts
-
Local economic growth
SME’s active in Agri and cattle value chain are part of the core client target of the bank. The bank provides universal banking services to these SME’s including loans and savings.
-
Food security & rural development
Thanks to its focus on financing the agriculture and cattle value chain, the banks offer all banking products including loans, savings and transactional services to its clients that are mostly located in rural areas.
-
Promotion of ESG best practices
Bancop demonstrates a willingness to achieve high E&S and governance standards.
View more of our investments in this region
Financial Institutions
Banco para la Comercialización y la Producción SA
15,000,000.00
Paraguay
16/02/2024
Debt