Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Awards for Excellence 2009: Paraguay

Best Bank: BBVA Paraguay

Growth has been the name of the game for BBVA in Paraguay. In 2008, loans grew 44.7% and funds rose 27.1%. The bank’s focus on the retail market, with an emphasis on credit cards and mortgage loans, paid off, with an overall growth rate of 98.6% in 2008, and a return on equity for the retail division of 59.6% by March of this year.

Between January and April, banking profits in Paraguay rose 16.5% but by March 31 the financial system reported a sustained delinquency rate of 1.74%. However, BBVA Paraguay managed to maintain a rate of 0.43%,