11 publishers · first seen Sat, 07 Nov 2026 20:05 UTC · updated Thu, 12 Nov 2026 15:28 UTC
Paraguay's Central Bank has partially returned savings to all eligible Ueno Bank depositors, following the bank's collapse last week. The digital bank's takeover on November 3 triggered massive protests across Paraguay and led to the impeachment and arrest of ex-president Santiago Peña, who is linked to Ueno. The bank, seized amid major solvency concerns, began as a small fintech company with a digital-first model that attracted many low-income customers. Within three years it became a major player handling state pensions and the accounts of several government entities. The Central Bank said on Wednesday that 100% of customers covered by the state guarantee have received an advance of up to 40 minimum wages, under the emergency law passed by Congress. It has until Monday to complete repayments up to the guarantee ceiling of 75 minimum wages.
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