# Paraguay President Resigns Amid Banking Crisis

> Paraguayan president Santiago Peña resigns after bank linked to him blocks millions from accessing savings.
- Title: Paraguay President Resigns Amid Banking Crisis | Shortify
- Summary: Paraguayan president Santiago Peña resigns after bank linked to him blocks millions from accessing savings.
- Keywords: paraguay, santiago pena, banking scandal, central bank, impeachment request, depositors, Buenos Aires Times
- Source: Buenos Aires Times — https://batimes.com.ar/news/latin-america/paraguays-president-santiago-pena-resigns-amid-banking-scandal.phtml
- Published: 2026-11-05T16:45:46+00:00
- Read time: 1 min
- Topics: paraguay, santiago pena, banking scandal, central bank, impeachment request, depositors, news, politics, world
## President Resigns
Paraguayan President Santiago Peña announced his resignation after Ueno Bank, linked to him, blocked millions from accessing money.
## Bank Takeover
Paraguay's central bank took control of Ueno Bank on Tuesday due to severe capital shortfall.
## Depositors Affected
Three million depositors, including pensioners, lost access to their money after the bank takeover.
## Resignation Announcement
Peña apologized for failing to protect trust, stating it was never his intention to betray depositors.

> I want to apologise to the people if at any point I failed. It was never my intention to betray the trust you placed in me
## Key takeaway

Paraguay's president Santiago Peña resigned following a banking scandal that blocked three million depositors from accessing their money.