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ArchiveDecember 1 2008

Paraguay

BBVA Banco ParaguayBBVA Banco Paraguay’s results are truly startling. Net profits are up by 34.88%, assets by 53.5% and return on equity by 14.5%. The bank still grew Tier 1 capital by 14.5% and managed to reduce non-performing loans from 1.13% to 0.58%.
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A central element of its growth strategy is development of infrastructure and technology. BBVA has just implemented a new core banking platform, which incorporates state-of-the-art web technology and service-oriented architecture and the latest database technology. This platform will be critical in the development and distribution of new products and services as the bank goes forward.

A clear emphasis is also being placed on efficiency of its buildings. BBVA Paraguay has just begun construction of its future head offices in Asuncion, which will have Leadership in Energy & Environmental Design Certification, awarded by the Green Building Council in the US. It will be the first building in Latin America and the first among the BBVA group to achieve this accreditation.

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