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?
Zeta Banco is a universal bank in Paraguay with over 35 years of history. As of December 2025, the bank reported total assets of USD 825 million, representing approximately 2% market share. The institution plays a key role in supporting small and medium-sized enterprises (SMEs), which account for 80% of its loan portfolio. The remainder is allocated to corporate clients (16%) and the consumer and microfinance segment (4%). Core target sectors include services, agriculture, and wholesale—which are essential for Paraguay’s economic development.
What is our funding objective?
10% of FMO’s investment is labelled as Green as it supports activities that contribute to climate mitigation and climate adaptation, contributing to SDG 13, in line with FMO’ s methodology to determine the green finance attribution. 90% of FMO’s investment is labelled as Reducing Inequalities as it supports activities that contribute to inclusive growth contributing to SDG 10. Zeta Banco is categorized as a Frequent Borrower for which a Frequent Borrower Framework is in place.
Why do we fund this investment?
This transaction aligns with FMO’s strategic objectives by promoting sustainable and inclusive economic growth through the cooperation with a value-aligned institution.
What is the Environmental and Social categorization rationale?
In line with FMO's Sustainability Policy, Zeta Banco is classified as Risk Category B. The bank's lending activities are predominantly focused on SMEs across a diversified range of sectors, with agriculture and wholesale trade representing the largest portfolio exposures. While these lending activities entail certain environmental and social risks, these are considered moderate and manageable through the implementation of an effective Environmental and Social Management System ("ESMS"). Zeta Banco has had an ESMS in place since 2019, incorporating the EDFI Exclusion List and applicable local regulations. The framework is currently being strengthened through the incorporation of international best practices, including the IFC Performance Standards. The bank further demonstrates its commitment to sustainable finance through its participation in Paraguay's Mesa de Finanzas Sostenibles.
More investments
| Date | Total FMO financing |
|---|---|
| 12/9/2024 | USD 0.03 MLN |
| 6/16/2023 | USD 25.00 MLN |
| 6/16/2023 | USD 10.00 MLN |
- Website customer/investment
- https://www.zbanco.com.py/
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Financial Institutions
- Publication date
- 3/31/2026
- Effective date
- 7/16/2026
- Total FMO financing
- USD 50.00 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