Ueno Bank: Paraguay launches refunds for 1.2 million customers
By the AFREEQUE newsroom, based on Bénin Web TV
The Paraguayan central bank announces refunds for 1.2 million Ueno Bank customers after the institution was taken over over solvency difficulties. The measure comes as nearly three million customers have lost access to their savings or bank card, according to Bénin Web TV.
The central bank of Paraguay announced on Saturday 7 November that 1.2 million Ueno Bank customers had already obtained a partial or full refund of their insured deposits, after the digital institution was taken over by the regulators. Nearly three million customers had lost access to their savings or their bank card, according to Bénin Web TV.
Protests were nevertheless continuing on Saturday, with many savers still waiting to recover their money. The crisis had broken out after the solvency difficulties of Ueno Bank, whose growth had notably been fuelled by more than $800 million in public funds, Bénin Web TV reports.
The refunds come after the indictment of former Paraguayan president Santiago Peña for breach of trust and management for the purpose of personal enrichment. Santiago Peña indicted after the collapse of Ueno Bank then Santiago Peña placed in pre-trial detention in Paraguay had marked the two previous stages of the investigation, on 7 November 2026.
