The facts
The central bank's board voted unanimously on 2 November to begin Ueno Bank's resolution after adjustments to its financial statements left the bank's solvency ratio below half the legal minimum, the regulator said. [1][2]
Ueno Bank says it has about 3 million customers, roughly 60% of Paraguay's adult population, and managed $800 million to $850 million in public money, including about $380 million invested by the state pension and health fund, AP reported. [2]
AP reported that customers could not withdraw or transfer money on Tuesday; ABC Color reported that accounts and bank services were frozen after the resolution announcement. [2][3]
The central bank says the deposit guarantee is capped at 228.3 million guaranies per depositor and per institution, not per account. AP reported a preliminary estimate that the cap covers about 97% of Ueno depositors. [1][2]
The central bank said the first insurance payment would be up to 10 million guaranies and that later payments would follow a schedule; it gave no date for the initial payment. [1]
The central bank described the resolution as a case specific to Ueno and said it does not reflect a generalized condition in Paraguay's financial system. [1]
Still unconfirmed
- The central bank has not announced when the first deposit-insurance payment will be made.
- The ultimate recovery for depositors with balances above the 228.3 million guarani guarantee remains unknown.
Sources
References support the numbered facts above. Source checks: 3 Nov 2026, 22:07 UTC.
The regulator establishes the resolution decision and its stated rationale. Customer count and public-money figures are attributed to the bank through AP; account-service disruption is supported by AP and Paraguayan reporting. The central bank expressly says this is not a generalized banking-system condition.
- Banco Central inicia el procedimiento de resolución de ueno bank
Central Bank of Paraguay · Primary source · 3 Nov 2026
The regulator's 3 November release states its unanimous 2 November resolution, the capital trigger, deposit-guarantee terms and that this is a case specific to Ueno.
- Paraguay seizes major digital bank linked to President Santiago Pena
The Associated Press · Reporting · 3 Nov 2026
Independent reporting on customers' inability to transact, the bank-reported customer and public-fund figures, deposit coverage and the developing legal investigation.
- Ueno Bank: BCP explica la resolucion y que va a pasar ahora
ABC Color · Reporting · 3 Nov 2026
Paraguayan reporting from the central bank press conference describes frozen assets and liabilities, account-service disruption and the deposit-protection process.