The Paraguayan Central Bank has announced that it has returned part of the assets to the depositors of Ueno Bank, although most of the funds are still to be returned.
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12/11/2026
by
Lusa
O paraguay’s central bank announced Wednesday that it returned part of the assets to all depositors in Ueno Bank, although most of the deposited funds remain unreturned.
“ With the amount we will move, we hope to reach 100% of the beneficiaries of the guarantee ", said the administrator of the central bank Pedro Acosta.
The guarantee in question excludes the managers and shareholders of Ueno Bank.
The institution has already partially repaid 1,812,348 customers of this digital bank.
The amount repaid so far amounts to USD 643 million, part of the 2.8 billion that Ueno Bank held when it was placed under custody on November 3 for solvency problems.
The percentage of beneficiaries involved does not mean that all retain their total savings.
An emergency bill passed by Congress last week authorized a maximum refund of $19,000 per depositor within a week, which expired this Wednesday.
The Deposit Guarantee Fund (FGD) protects up to $37,000 per depositor per banking establishment. Those with higher amounts must wait to recover all their funds.
For this, they have to wait “the transfer of assets and liabilities (from Ueno) to other financial institutions,” said Acosta, a process that starts next week.
This central bank administrator expects this process to be “fast”, to “have news by the end of the month”.
The authorities expect to use the resources obtained to complete the deposit guarantee and to give priority to the reform funds deposited in Ueno, which exceed $500 million.
Among the affected are companies, football clubs, volunteer firefighters and public bodies, such as the Social Security Institute, which generates the reforms and health plans of more than 1.5 million people in the country.
Bank data for June indicate that 29% of deposits belong to the public sector.
Investors in common investment funds are not covered by the bank guarantee, and expect indications of the possible recovery of their money.
The central bank put the bank under protective custody on November 3, due to solvency problems, freezing the deposits of thousands of Paraguayans.
President Santiago Peña, involved in the scandal, was dismissed three days later, after a parliamentary process and even put in preventive custody.
His vice president, Pedro Alliana, took over as head of state.