Paraguay president resigns as millions unable to access money, pension and healthcare in bank collapse
Business
Finance
Politics
November 5, 2026
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Paraguay’s President Santiago Peña has reportedly resigned amid mounting public outrage over a banking crisis that has left customers unable to access their money following the collapse of Ueno Bank.
According to Euro News, Paraguay’s central bank intervened in Ueno Bank on Tuesday, November 3, after its solvency ratio reportedly fell below 50 per cent, triggering liquidation proceedings.
The financial institution, which served nearly three million customers, reportedly held approximately US$850 million in public funds, including money belonging to the country’s Social Security Institute, which finances pension and healthcare programmes.
Business
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