Ueno Bank Collapse: How a solvency crisis froze savings for half of Paraguay

On November 3, 2026, the Central Bank of Paraguay placed Ueno Bank—one of the country’s largest digital lenders—into resolution, shutting down its operations and freezing all customer accounts. The decision followed a severe deterioration in the bank’s solvency ratio, which had fallen below 50% of the legal minimum required by Paraguayan regulators.