ueno bank S.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?
Ueno Bank S.A. is a universal bank in Paraguay, with total assets of USD 4.2 billion as of June 2026, representing a market share of 9%. The loan book is predominantly composed of corporate clients (56%), followed by micro-, small-, and medium-sized entrepreneurs (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 40 million senior loan is being on-lent to micro-entrepreneurs across Paraguay.
Why do we fund this investment?
100% of FMO’s investment is labelled as Reducing Inequalities, as it supports 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 (E&S) 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”).
More investments
| Date | Total FMO financing |
|---|---|
| 8/26/2026 | USD 20.00 MLN |
- Website customer/investment
- https://www.ueno.com.py/en/
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Financial Institutions
- Publication date
- 6/22/2026
- Effective date
- 8/26/2026
- Total FMO financing
- USD 20.00 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