BBVA Peru Capital Optimization Project for Climate Finance

Peru has initiated the BBVA Capital Optimization project with a proposed guarantee of $700 million from MIGA for a duration of up to three years. This project aims to enhance BBVA Peru’s capacity to finance key climate activities and socially responsible development areas, aligning with the commitment to decarbonization of BBVA Group’s loan portfolio by 2030 and achieving net-zero by 2050.