The ueno bank case: what happened and how savings are being returned (November 2026)

On Monday 2 November 2026, the Banco Central del Paraguay (BCP) started the resolution procedure of ueno bank. Many foreigners living in Paraguay had an account there, so this is a short summary of what happened and where things stand.

What happened

According to the BCP, the bank's solvency ratio had fallen below half of the legal minimum. When that happens, the law tells the Central Bank to step in, protect depositors and wind the bank down in an orderly way.

An isolated case

The BCP described it as an isolated case. The Asociación de Bancos del Paraguay (Asoban) said the same on 3 November: the situation "no representa una amenaza para la estabilidad del sistema financiero" and the rest of the banking system keeps its solidity, solvency and liquidity. ueno held around 7% to 8% of the system's deposits.

The State moved fast

The Fondo de Garantía de Depósitos (FGD), run by the BCP, covers deposits of up to 75 monthly minimum wages per person and per bank, about Gs. 228 million. The first payments started on Friday 6 November, four days after the resolution began:

• First group: savers with up to Gs. 10 million, no debts with ueno and an account in another bank or financial company.
• From Monday 9 November: new groups, including savers with debts. Overdue debts are deducted before paying.
• By 8 November, the press reported about 1.2 million clients already paid.

Savings above the guaranteed amount depend on the liquidation of the bank's assets, which takes longer.

If you had an account at ueno

• Check your case only on the BCP's official site: bcp.gov.py/consultasfgd.
• To receive the money you need an account in another bank or financial company.
• Your residency, your Cédula and your RUC are not affected. Your monthly IVA return continues as usual.
• Keep the receipt of the refund. It shows where your money comes from, to your new bank and later for your permanent residency.

If something in your case is not clear, write to us and we'll go through it with you.

Sources: BCP announcements as reported by La Nación, Hoy and ABC Color (5–9 November 2026), and the Asoban statement (3 November 2026). Figures may change while the process continues. This is general information, not financial advice.