# Paraguay President Resigns Amid Impeachment Push

> Paraguayan president Santiago Peña resigns as Congress moves to impeach him over Ueno Bank crisis.
- Title: Paraguay President Resigns Amid Impeachment Push · MercoPress
- Summary: Paraguayan president Santiago Peña resigns as Congress moves to impeach him over Ueno Bank crisis.
- Keywords: santiago peña, ueno bank, paraguay, impeachment, congress, resignation, ueno holding, vázquez group, MercoPress
- Source: MercoPress — https://en.mercopress.com/2026/11/05/paraguay-s-santiago-pena-tenders-his-resignation-but-congress-presses-ahead-with-impeachment
- Read time: 1 min
- Topics: santiago peña, ueno bank, paraguay, impeachment, congress, resignation, ueno holding, vázquez group, news, world, politics
## Resignation Announcement
Paraguayan president Santiago Peña tendered resignation after Ueno Bank collapse.

> I have decided to submit my resignation from the Presidency of the Republic. I do so with the stability of our country, social peace and the need to preserve our democratic institutions
## Congress Moves to Impeach
Congress voted to impeach Peña to prevent him from taking a lifetime Senate seat with immunity.
## Ueno Bank Crisis
Central Bank took over Ueno Bank over insolvency and irregular loans to Vázquez Group.
## Frozen Deposits
Paraguay froze deposits including hundreds of millions of dollars of public and pension funds.
## Political Backing Shift
Former President Horacio Cartes endorsed impeachment over public and pension fund plundering.

> We will not side with the plundering of public and private funds and of pensioners
## Impeachment Process
Senate needs two-thirds majority to remove Peña from office through impeachment.
## Key takeaway

Paraguay's president Santiago Peña tendered resignation after Ueno Bank collapse but Congress impeached him to prevent lifetime Senate seat.