Latin America's best bank for sustainable finance 2019: BBVA
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 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Awards

Latin America's best bank for sustainable finance 2019: BBVA

Awards for Excellence 2019

Latin America’s best bank for sustainable finance this year is BBVA

At the beginning of last year the bank pledged to mobilize €100 billion in green finance, sustainable infrastructure, social entrepreneurship and financial inclusion through to 2025, and Latin America is already becoming a large recipient of those efforts. 

In September, under Gonzalo Mañón, head of credit in México, BBVA led subsidiary Bancomer’s green bond deal – the first such bond in Mexico that finances energy efficient projects, sustainable transport, water and waste management, and renewable energy. 

A month later the bank placed the sustainable agriculture green bond of Fondo Especial para Financiamientos Agropecuarios.

Gonzalo Manon_160x186

Gonzalo Mañón

The bank has also been active in the growing green loans market in the region, which started in earnest last year. BBVA led the financing, acting as sustainable agent and coordinator for the first sustainability-linked project in Peru for Ferreycorp Group linked to the company’s performance on environmental, social and governance criteria. 

In project finance, the bank is also committed to helping companies to lower their carbon emissions.

Gift this article