# Paraguay President Impeached After Bank Collapse

> Paraguay’s president impeached over bank collapse that locked millions out of savings.
- Title: Paraguay President Impeached After Bank Collapse · Malay Mail
- Summary: Paraguay’s president impeached over bank collapse that locked millions out of savings.
- Keywords: paraguay, santiago pena, uene bank collapse, house arrest, impeachment, paraguay president, bank collapse, savings locked, paraguay congress, senators, paraguay vice president, pedro alliana
- Source: Malay Mail — https://malaymail.com/news/world/2026/11/07/paraguays-president-impeached-over-bank-collapse-that-locked-millions-out-of-their-savings/242362
- Published: 2026-11-07T16:12:07+00:00
- Read time: 1 min
- Topics: paraguay, santiago pena, uene bank collapse, house arrest, impeachment, paraguay president, bank collapse, savings locked, paraguay congress, senators, paraguay vice president, pedro alliana
## Impeachment Vote
Senators voted to remove Santiago Pena over Ueno Bank collapse that locked millions out of savings.

> Justice has been done. Now we want him to give us back our money and go to jail
## House Arrest
Pena placed under house arrest minutes after impeachment by prosecutor Silvia Margarita Gonzalez Vester.
## Interim President
Pedro Alliana assumed presidency as interim leader following impeachment.
## Bank Collapse Impact
Ueno Bank collapse affected nearly three million depositors including pensioners.
## Compensation Plan
First phase of aid deposits up to US$1,600 for clients without loans at other Paraguayan banks.
## Investigation
Attorney General investigating Pena for breach of trust, influence peddling, and misappropriation of funds.
## Protests
Thousands protested demanding return of savings after Ueno Bank collapse.

> Santiago Pena has hurt so many Paraguayans, so many families, business owners and small business people
## Political Fallout
Eight Ueno executives arrested amid police raids on Grupo Vazquez locations.
## International Impact
Nearby Argentina suspended 1,000 ITTI employees for 30 days without pay.
## Football Affected
Ueno Bank sponsors national football team and first division teams.

> We were also victims of this situation
## Key takeaway

Paraguay’s president Santiago Pena was impeached and placed under house arrest after Ueno Bank’s collapse left millions unable to access their savings.