Paraguay's central bank puts Ueno Bank under external management

On 3 November 2026, Paraguay's Central Bank (BCP), the country's financial regulator, placed Ueno Bank under external administration. It cited serious solvency problems, meaning doubts over whether the lender could cover its obligations.

The decision froze the accounts of about three million customers, a very large number in a country of roughly seven million people. Ueno had grown quickly as a digital-focused lender, and the measure left many account holders unable to reach their money while administrators took control.

The move followed weeks of scrutiny. In the preceding weeks, the central bank had come under political pressure over its dealings with the bank, and Ueno had been working on plans to raise fresh capital. Senators had also questioned the regulator's leadership, including its links to the lender.

The intervention mattered because it raised the risk of wider damage to confidence in Paraguay's banking system and put the government and the regulator under direct pressure. It set the stage for the political fallout that followed, including the president's resignation days later.