Zeta Banco S.A.E.C.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?
The contracting party is Zeta Banco (“ZB”, previously Financiera Finexpar S.A.E.C.A.). ZB recently transitioned from being the largest Non-Bank Financial Institution (NBFI) in Paraguay to gaining a banking license in March 2024. As a bank, ZB is able to service larger clients and be able to attract current account deposits. In March 2024 ZB had a total loan portfolio of USD 411mln. ZB’s core business is providing credit to SME clients across sectors, the most relevant being agriculture, wholesale trade, and cattle. In recent years, ZB’s focus on environmental responsibility and green finance has received greater attention.
What is our funding objective?
In recent years, ZB’s focus on environmental responsibility and green finance has received greater attention. Following from a green finance diagnostic conducted for ZB in the first half of 2024, the objective is now to support them in follow-up actions to develop an institutional sustainability framework, green finance products, and conduct a comparative review of green taxonomies.
Why do we fund this investment?
To take climate action (SDG 13), FMO is committed to the goals of the Paris Agreement and to reach net-zero by 2050 through a just and inclusive transition. The role of financial institutions such as banks is central in this transition through investing in green energy projects.
More investments
| Date | Total FMO financing |
|---|---|
| 6/16/2023 | USD 25.00 MLN |
| 6/16/2023 | USD 10.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Financial Institutions
- Publication date
- 1/7/2025
- Effective date
- 12/9/2024
- Total FMO financing
- USD 0.03 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