Crisis at Ueno Bank: Millions of Paraguayans Lose Deposits

The Central Bank of Paraguay intervened in the operations of the country's largest financial institution, Ueno Bank. The regulator froze funds due to a critical drop in the capital adequacy ratio, which led to the blocking of accounts belonging to millions of clients and state pension funds.

As a result of the crisis, mobile banking, ATMs, and bank cards ceased to function. Nearly 60% of adult residents of Paraguay, comprising about 3 million people, lost access to their savings.

Paraguay's Largest Bank

The situation has led to significant personnel consequences for the leadership of the financial sector. Several executives at Ueno Bank have already been arrested on suspicion of involvement in violations. The head of the Central Bank of Paraguay was forced to resign amid public discontent.

Social Consequences

• Mass protests by bank clients
• Demands to return frozen funds
• Calls for impeachment of the current president

Citizens are demanding immediate restoration of access to their money and holding those responsible accountable at the highest state level.