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The Bank Tied To Paraguay's President Just Collapsed, And Depositors Are In The Streets Paraguay's central bank seized Ueno Bank on Tuesday, locking an estimated 3 million customers out of their money and setting off street protests and an impeachment bid against President Santiago Peña. The central bank's board voted unanimously late Monday to put the digital lender into "resolution," the regulator announced , after Ueno's solvency ratio fell below half the legal minimum. Customers could not withdraw or transfer a guaraní. 🇵🇾 Crisis del Banco Ueno en Paraguay deja a millones de clientes sin acceso a sus cuentas 📣 Un grupo de manifestantes se movilizó en Asunción (oeste) para rechazar la intervención de la institución bancaria, así como para exigir que se restablezca el acceso de los clientes a… pic.twitter.com/ybfa5xOJ5R — Sputnik Mundo (@SputnikMundo) November 5, 2026 Ueno says its customers number about 3 million, roughly 60% of Paraguay's adult population, though Paraguayan press counts put the number of account holders nearer 1.7 million. It was also holding between $800 million and $850 million in public money, including about $380 million from the state pension and health fund, known as IPS. The central bank's own criminal complaint alleges that Ueno made large unsecured loans to companies inside its own corporate group and used new borrowing to cover repeated overdrafts, and describes an allegedly simulated $74.4 million sale of loans meant to hide that exposure, according to Diario HOY. #BREAKING Paraguay's largest digital bank Ueno COLLAPSES Central Bank seizes it after solvency ratio crashes and around 3 million customers are LOCKED OUT of app, cards & transfers. Central Bank President Carlos Carvallo resigned right after pulling the plug. He previously ran... pic.twitter.com/A1LZsS1pLz — Global OSINT (@GlobalOSINTHQ) November 5, 2026 The political problem is that Peña was a business partner of Ueno's owners until March 2025. The bank belongs to Grupo…

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