# Paraguay Takes Over Ueno Bank

> Paraguay freezes Ueno Bank deposits after taking control of its 3 million customers.
- Title: Paraguay Takes Over Ueno Bank · MercoPress | Shortify
- Summary: Paraguay freezes Ueno Bank deposits after taking control of its 3 million customers. Paraguay's Central Bank took over Ueno Bank with 3 million customers and…
- Keywords: central bank of paraguay, santiago pena, ueno bank, paraguay, deposit guarantee fund, social security institute, MercoPress
- Source: MercoPress — https://en.mercopress.com/2026/11/04/paraguay-takes-over-ueno-bank-with-3-million-customers-and-freezes-its-deposits
- Read time: 1 min
- Topics: central bank of paraguay, santiago pena, ueno bank, paraguay, deposit guarantee fund, social security institute, news, world, politics
## Paraguay takes over Ueno Bank
Paraguay's Central Bank took over Ueno Bank, one of the country's largest banks, after its solvency ratio fell below 50% of the legal minimum.
## Freezes deposits of 3 million customers
The bank immediately suspended all services and froze all assets and liabilities, including savings of some 3 million customers.
## Ueno Bank's public funds
Ueno manages public funds including about US$380 million from the Social Security Institute, which runs pensions and public healthcare.
## Deposit Guarantee Fund
The Deposit Guarantee Fund covers savings of up to 75 minimum wages, about 228 million guaranis or roughly US$38,200 per person.
## Central Bank President's statement
Central Bank President Carlos Carvallo described the situation as an isolated, one-off event and said the financial system remains sound and healthy.
## Political fallout
Vice President Pedro Alliana paused his presidential bid, and the opposition pushed for impeachment of President Santiago Peña and Alliana.
## Key takeaway

Paraguay's Central Bank took over Ueno Bank with 3 million customers and froze deposits following a solvency crisis.