BANCOP S.A.
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Banco Para la Comercialización y la Producción S.A. (“Bancop”) is a private universal bank in Paraguay. It is owned by a group of 28 productive cooperatives tied to the country’s agriculture, cattle and agro-industrial sectors. Bancop started operations in 2012 and has been growing rapidly; by YE2017, it had USD 310 mln in total assets and ranked #14 in the Paraguayan market. Its loan portfolio is dedicated to corporates and SMEs active in the gri and cattle value chains.
What is our funding objective?
The up to USD 15 mln 7-year facility is to be on-lent to local SMEs, in line with FMO’s definition.
Why do we fund this investment?
This transaction fits FMO’s strategy of financing economic growth as well as FI LAC’s strategy to support the Paraguayan banking system in strengthening E&S risk management.
What is the Environmental and Social categorization rationale?
Bancop is categorized as E&S risk B due to its loan portfolio (small average loan size, short tenors & no IFC PS trigger project). An ESAP was agreed to review and upgrade their existing ESMS and to incorporate the E&S sector guides that are developed by the Mesa de Finanzas Sostenibles, with support of FMO.
More investments
| Date | Total FMO financing |
|---|---|
| 12/13/2021 | USD 5.00 MLN |
| 12/13/2021 | USD 10.00 MLN |
| 12/17/2020 | USD 7.50 MLN |
- Website customer/investment
- http://www.bancop.com.py
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Financial Institutions
- Effective date
- 9/21/2018
- Total FMO financing
- USD 7.50 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B