Banco BBVA Perú
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 BBVA Perú (“BBVA”), a new client of FMO, is a universal banking institution operating in Peru, with a strategic focus on serving the micro, small, medium, large, corporate, and retail segments. BBVA is recognized as one of the country’s foremost financial entities, ranking as the second-largest bank with total assets of USD 29.5 billion, net loan portfolio of USD 19.6 billion, and market share of 22% in direct loans and 21% in deposits as of December 2024.
What is our funding objective?
The facility concerns the participation in a USD 200 million social bond, with a committed amount of USD 75 million. The bond has been structured and arranged by the IDB, acting as lead investor, with 100% of the proceeds earmarked to finance women-owned micro and small enterprises, thereby strengthening access to capital for a critical segment of the Peruvian economy. The bond has been fully subscribed, with IDB contributing USD 75 million and COFIDE participating with USD 50 million.
Why do we fund this investment?
MSMEs play a critical role in the economy, contributing significantly to employment and serving as a key driver of inclusive and sustainable economic growth. Through this facility, FMO will support the strengthening of the micro and small enterprise sector, while promoting inclusive development by enhancing access to finance for women-owned businesses in Peru.
What is the Environmental and Social categorization rationale?
BBVA has been categorized as Category A in accordance with FMO’s Sustainability Policy. However, it is essential to note that this social bond is exclusively focused on women's micro and small entrepreneurs, and this portfolio is primarily distributed across low E&S risk sectors, such as trade and small-scale manufacturing. FMO and BBVA are working on including specific mitigation measures into the Environmental and Social Management System (Sistema de Administración de Riesgos Ambientales y Sociales in Spanish) to address material risks of this segment.
- Website customer/investment
- https://www.bbva.pe/
- Region
- Latin America & The Caribbean
- Country
- Peru
- Sector
- Financial Institutions
- Publication date
- 10/29/2025
- Effective date
- 8/28/2025
- Total FMO financing
- USD 75.00 MLN
- Funding
- FMO NV
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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) - A