From Perfil · · 40s
Paraguay Bank Assets Returned
Paraguay's central bank confirms $600m Ueno Bank assets will be returned to 45,000 retirees.
In brief
Paraguay's central bank confirms $600m Ueno Bank assets will be returned to 45,000 retirees. Paraguay's central bank confirmed $600m in Ueno Bank assets will be returned to 45,000 retirees by transferring funds to new financial entities. Originally reported by Perfil.
Ueno Bank Assets Found
Paraguay's central bank discovered Ueno Bank assets exceeding debts by $600 million.
“Son, aproximadamente, 600 millones de dólares, anunció Jorge Schreiner, presidente del BCP”
Retirees to Receive Funds
45,000 retirees will get $40,000 deposits back through new financial entities.
“Se van a devolver los depósitos de hasta 40 mil dólares, el 97% de los ahorristas”
Bank Liquidation Process
Assets will be sold in batches to prevent concentration of funds in one bank.
“Schreiner aclaró que el objetivo es licitar y transferir la cartera en lotes a otros bancos del sistema”
No Further Payments Needed
If assets transfer before payments, retirees get funds directly to new banks.
“Finalmente adelantó que, si antes de concretar los pagos pendientes con los inversionistas de Ueno Bank se hace el traspaso de los activos del mismo a una nueva entidad, ya no sería necesario devolver el dinero”
At a glance
Paraguay's central bank confirmed $600m in Ueno Bank assets will be returned to 45,000 retirees by transferring funds to new financial entities.
