BANCOP S.A.
Who is our client
Banco Para la Comercialización y la Producción, Bancop 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 the end of 2019, it had USD 444mln in total assets. Its loan portfolio is dedicated to corporates and SMEs mainly active in the agriculture and cattle value chains.
Funding objective
The up to USD 15mln 7-year facility, which has a USD 7.5mln committed tranche and a USD 7.5mln uncommitted tranche, is to be on-lent to local SMEs in line with FMO’s definition.
Why we fund this project
As a founding member of the Paraguayan sustainable finance roundtable 'Mesa de Finanzas Sostenibles', Bancop has been a relevant partner for FMO. The bank's advanced environmental and social practices and its focus on commercial clients make it an ideal partner to support and promote investments in SMEs in Paraguay. This becomes highly relevant in the context of the COVID-19 crisis since Bancop aims to continue supporting clients with financing for working capital and investments at a time when funding has become scarce across financial markets.
Environmental and social rationale
The project has been classified as Category B in accordance with FMO’s Sustainability Policy. Project’s activities are deemed to have minimal or no adverse environmental and social risks and/or impacts. As part of the project, Bancop will be required to apply the EDFI Exclusion List and Paraguay E&S laws and regulations.
More investments
Date | Total FMO financing |
---|---|
12/13/2021 | USD 5.00 MLN |
12/13/2021 | USD 10.00 MLN |
9/21/2018 | USD 7.50 MLN |
- Website client
- http://www.bancop.com.py
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Financial Institutions
- Signing date
- 12/17/2020
- Total FMO financing
- USD 7.50 MLN
- Fund
- FMO
-
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