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وكالة صدى نيوز
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وكالة صدى نيوز

2026-11-07T00:00:00.000Z

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Ueno Bank Collapse Explained

Ueno Bank Collapse Explained

On November 3, Paraguay’s central bank intervened to suspend the operations of digital bank Ueno after its solvency deteriorated and problems were uncovered with the quality of its assets and its lending to companies linked to its controlling shareholder. Around 3 million customers were temporarily unable to access their accounts. Customers did not permanently lose their savings: authorities are working to transfer deposits to other banks, and the deposit guarantee fund covers up to about $38,000 per depositor. Pension payments to around 32,000 retirees are also expected to proceed as usual. The crisis was linked to financial and regulatory problems, not to the introduction of electronic payments, and it prompted investigations as well as political and banking resignations.

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