7 Hrs
Source:
اقتصاد
Oino Freeze Fells Leader
Paraguay’s Senate ousted President Santiago Peña after Banco Ueno collapsed. The central bank began resolution proceedings after the bank’s capital adequacy ratio fell to less than half the required minimum. Prosecutors are investigating 27 people over loans and withdrawals involving companies linked to the bank, including around $146 million disbursed to three companies, amid suspicions of inadequate collateral and concealed financial risks. The crisis escalated politically over roughly $869 million in government deposits held at the bank, Peña’s past ties to a group connected to it, and the resignation of the former central bank chief, who had chaired Ueno. Vice President Pedro Alliana assumed the presidency through 2028, while the central bank began measures to protect small depositors. Its estimates indicate that deposits held by about 97% of the bank’s customers fall within the guarantee limit.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)