Paraguay's President Santiago Peña has announced his resignation. This was reported by Qazaqyia.kz citing Kursiv Media.
The decision comes amid the collapse of Ueno Bank. After its closure, about 3 million clients lost access to their accounts, Reuters reported.
"I have decided to resign from the post of President of the Republic. I am doing this for the stability of our country, public calm and the preservation of democratic institutions," Peña said in a video address on social media X.
Minutes after Peña's statement, all 78 deputies present voted for impeachment. The charges were sent to the Senate, where two-thirds of the votes are needed to remove the president. Congress must consider the resignation statement separately. If Peña leaves, Vice President Pedro Alliana will replace him.
On November 3, the Central Bank of Paraguay announced intervention in the bank's operations. An inspection showed that its solvency ratio had fallen below half of the established minimum. When the app, cards and transfers stopped working, depositors took to the streets in Asunción to demand their money back.
Ueno Bank managed about $850 million in state funds. Peña previously owned a stake in Grupo Vázquez, which owned the bank until March 2025. He denied allegations of improper ties to the bank. Amid the crisis, the head of the Central Bank resigned, and eight Ueno executives were detained.