Driving Chile’s Sustainable Transformation Through Project Finance Leadership

To strengthen this growth pillar, BBVA Chile has appointed David Velasco to lead local initiatives related to project finance and structured finance. With a solid track record, he has been involved in some of the most high-profile transactions in the Chilean market. His appointment aims to reinforce the team’s capabilities, with the goal of not only supporting transactions, but also leading them, as the bank already does in other markets.

At the same time, the technical capabilities and senior expertise of BBVA CIB’s team in Chile allow the bank to deliver a broader suite of financial solutions that complement these transactions, ranging from corporate and syndicated financing to the structuring of bonds and risk management derivatives. In doing so, the bank offers its clients a comprehensive value proposition that supports every stage of their investment and development cycles.

Moreover, BBVA CIB is committed to deepening its client relationships, providing ongoing and strategic support throughout their project lifecycles. “The bank maintains a constant dialogue with each company, with the goal of building strong, long-lasting partnerships based on trust, specialisation and a shared vision for sustainable growth,” says Serani.

Local execution, global reach

In line with this growth trajectory, BBVA CIB in Chile continues to strengthen its market position through the expansion of additional business lines that enhance its reach and connectivity with the bank’s global network.

From Santiago, BBVA CIB’s multidisciplinary team delivers a wide array of Global Trade & International Banking (GTB) solutions, ranging from traditional structures to complex, bespoke transactions tailored to each client’s needs. All deals have a significant cross-border component, coordinated through the bank’s international platform and in close collaboration with affiliates in Peru, Argentina, Colombia, Mexico, and Brazil, as well as financial hubs in New York and Madrid.

“Sustainability is no longer just a narrative: it is now a way to structure capital”

This model reinforces BBVA CIB’s role as a natural bridge between global investors and transformative projects, helping to channel international capital into local opportunities. At the same time, it positions Chile as a regional benchmark in sustainable finance and a key node within the bank’s Latin American network.

“The development of sustainable projects requires global coordination, technical know-how and local presence. That combination is what enables us to deliver differentiated value to our clients,” Serani explains.

BBVA CIB’s strategy in Chile brings together sustainable growth, sectoral specialisation and regional collaboration, with the goal of advancing the energy transition and supporting infrastructure modernisation. With this vision, the bank reaffirms its role as a long-term financial partner, committed to projects that deliver tangible value and progress for the country.

“Chile is where global capital meets opportunity,” Serani concludes. “Our aim is to help turn that connection into development, innovation, and a sustainable future for the country.”

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