Bancop
in Paraguay 🇵🇾
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About Bancop in Paraguay
Bancop (Banco para la Comercialización y Producción S.A.) is a universal bank in Paraguay that specializes in providing financial services to the agricultural and livestock sectors. Established in 2012, it is uniquely owned by 29 production cooperatives affiliated with FECOPROD (Federación de Cooperativas de Producción), making it Paraguay's first cooperatively-owned bank.
The bank primarily serves small and medium enterprises (SMEs), rural producers, and cooperative members involved in agriculture, cattle raising, and agro-industrial activities. With a loan portfolio of approximately USD 370 million and over 15,000 clients, Bancop focuses on sectors that represent more than 60% of Paraguay's export economy.
Bancop was the first bank authorized to operate in Paraguay since the 1990s banking crisis, marking a significant milestone in the country's financial sector development.