The Central Bank of Paraguay intervenes in Ueno Bank, triggering a political crisis that leads to the resignation of President Santiago Peña
On November 3, 2026, the Central Bank of Paraguay decreed the closure of Ueno Bank due to financial insolvency, affecting the deposits of thousands of citizens and public funds. The measure triggered a prosecutorial investigation against the entity's board of directors and an impeachment process in Congress that culminated in the resignation of President Santiago Peña.
The intervention of the digital bank took place in the early hours of the morning, followed by arrest warrants issued by the Public Ministry against twenty-seven executives linked to the economic conglomerate that owns the entity, Grupo Vázquez.
Faced with political and social pressure, opposition sectors promoted an impeachment trial in the Chamber of Deputies. Hours after the parliamentary procedure began, the president submitted his resignation from office before his dismissal could be voted on.
Organizations and opposition lawmakers also filed formal complaints against Central Bank officials for alleged omissions and regulatory favoritism that allegedly facilitated the rapid expansion of the financial entity in recent years.
- The Central Bank of Paraguay closed Ueno Bank on November 3, 2026, due to insolvency.
- The prosecutor's office charged dozens of executives and ordered the arrest of top directors of the economic group.
- Congress initiated an impeachment trial against President Santiago Peña following the financial collapse.
- The president resigned from office amid protests and the legislative process against him.
Corroborates: The Central Bank of Paraguay intervenes in Ueno Bank, triggering a political crisis that leads to the resignation of President Santiago Peña