Banco Bilbao Vizcaya Argentaria Paraguay S.A.

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By directing this funding specifically into SMEs, BBVA Paraguay will expand the scope and depth of its clientele and further diversify its loan portfolio. In supporting this key sector, the IDB will complement its strategy in Paraguay by enhancing the competitiveness and efficient development of the private sector and expanding the sources of sustainable growth. The project is expected to have positive demonstration effects for similarly focused commercial banking transactions involving SME lending. This facility will also help BBVA Paraguay diversify its funding sources in times of limited access to international capital markets.