Zeta Banco S.A.E.C.A
Status: Proposed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
We welcome feedback on this proposed investment opportunity for FMO. The ending of the proposed investment phase is indicated on the right side of this page. In case of questions, please contact us at disclosure@fmo.nl
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 prospective 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?
The USD 50 million senior loan will be on lent to agricultural SME clients, contributing to reduced inequalities (SDG 10) and supporting sustainable economic growth and decent work (SDG 8).
Why do we want to fund this investment?
This transaction aligns with FMO's strategic objectives by promoting inclusive economic growth through the cooperation with a value-aligned institution.
What is the Environmental and Social categorization rationale?
Zeta Banco is classified as Risk Category B due to its operations and portfolio being exposed to manageable E&S risks, which can be mitigated by an effective Environmental and Social Management System (ESMS). The bank has a functioning ESMS in place since 2019, which is currently being updated to align more closely with international best practices, including the IFC Performance Standards. Zeta Banco is a member of the Paraguayan sustainable finance roundtable, '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
- Deadline for feedback
- 4/30/2026
- 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