ueno bank S.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?
Ueno Bank S.A. is a universal bank in Paraguay, with total assets of USD 3.8 billion as of March 2026, representing a market share of 9%. The loan book is predominantly composed of corporate clients (56%), followed by MSMEs (23.2%) and consumer and microfinance lending (20%). Sector concentration is led by services (25% of the total portfolio), followed by exposures to retail and wholesale commerce (8%) and agriculture (4%). Through its digital-first business model, Ueno plays a meaningful role in advancing financial inclusion in Paraguay.
What is our funding objective?
The USD 30 million senior loan will be on-lent to micro-entrepreneurs and SMEs operating in the agricultural value chain, contributing to SDG 10 (Reduced Inequalities) and SDG 8 (Decent Work and Economic Growth).
Why do we want to fund this investment?
FMO’s investment aims to support activities that contribute to Inclusive growth contributing to SDG 10.
What is the Environmental and Social categorization rationale?
Ueno Bank is classified as Environmental and Social 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, which is in line with international best practices and is currently being updated by including the IFC Performance Standards. Ueno Bank is a member of the Paraguayan Sustainable Roundtable (“Mesa de Finanzas Sostenibles”)
- Website customer/investment
- https://www.ueno.com.py/en/
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Financial Institutions
- Publication date
- 6/22/2026
- Deadline for feedback
- 7/22/2026
- Total FMO financing
- USD 30.00 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) - B