A bank collapse in Paraguay impacts millions and leads to the president's downfall

Updated 2026-11-10 · told from many outlets at once

The Senate removed President Santiago Peña following the collapse of Ueno Bank, Paraguay's largest digital bank. The central bank placed the institution into resolution after it breached minimum solvency requirements. The crisis has left approximately 3 million clients, or half the population, without access to their funds.

• The central bank put ueno into resolution after determining it breached minimum solvency requirements.
• The Central Bank of Paraguay reports the situation at Ueno bank was particular to that entity.
• Ueno Bank had 2.9 million customers.
• The financial crisis in Paraguay is causing concern outside of Paraguay, especially in Brazil.
• The Senate removed President Santiago Peña over allegations linked to the collapse of Ueno Bank.

Outlets: ABC Color, El Colombiano, Estadão, La Libre Belgique, La Nación (Costa Rica), NPR World, Perfil, Semafor, The Business Standard (BD), The Conversation, The Economic Times, The Japan Times, Ulys Media, g1

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