New Paraguay President Pedro Alliana has promised to return money to Ueno Bank depositors in full. This was reported by Qazaqyia.kz citing Kursiv Media.
Clients of Ueno Bank can receive up to $1.6 thousand in the first stage of payments. Currently, money is being transferred to those who have no loans in the collapsed bank and have an account in another financial institution in Paraguay. New President Pedro Alliana promised that victims would be compensated for their losses in full.
“Compatriots who are now going through difficult times due to the financial collapse will receive compensation in full,” Alliana said, according to AFP.
The first payments began on November 5. Who will receive money in the next stages will be announced as funds are transferred, the deposit guarantee fund of the Central Bank of Paraguay specified. After the collapse of Ueno Bank, almost three million clients lost access to their accounts, which is almost half of the country's population.
Alliana, who previously served as vice president, took the oath of office in Congress in Asunción on November 6. He replaced Santiago Peña and will lead the country until the end of his presidential term in 2028, the Senate of Paraguay reported.
Earlier, Kursiv wrote that Peña resigned, but the Senate did not accept it and completed the impeachment procedure. All 44 senators present voted to remove Peña from power. Shortly after the vote, the ex-president was placed under house arrest. The prosecutor's office is checking how the authorities supervised the bank and under what circumstances state funds were placed in it.
The Central Bank took Ueno Bank under control on November 3 after the bank stopped meeting minimum solvency requirements. According to AP, Ueno issued large loans to companies connected with its owners, exceeding legal limits and without sufficient collateral. Until 2025, Peña owned a share in Grupo Vázquez, which controlled the bank. The opposition accused him of a conflict of interest, but Peña denied this.