# Paraguay’s President Santiago Pena resigns amid a bank crisis that froze millions of customers’ accounts and sparked protests

- URL: https://talkfuse.com/story/paraguays-president-santiago-pena-resigns-amid-a-bank-crisis-that-froze-millions-of-customers-accounts-and-sparked-protests/
- Published: 2026-11-05T16:28:00+00:00
- Updated: 2026-11-06T07:48:28+00:00
- Original publisher: DW (publisher lean: Centre)
- Original article: https://www.dw.com/en/paraguay-s-president-santiago-pena-resigns-amid-a-bank-crisis-that-froze-millions-of-customers-accounts-and-sparked-protests/a-79868484?maca=en-rss-en-all-1573-rdf
- Topics: Government, Politics, World

## Key points

- Peña resigned amid scrutiny over his ties to collapsed lender Ueno.
- Frozen accounts affected about 2.94 million customers.
- Public pension and health care funds were also exposed.

## Summary

Paraguay’s President Santiago Peña resigned as pressure mounted over his links to collapsed digital lender Ueno, whose accounts have been frozen. The crisis left millions unable to access their money and drew protests, while lawmakers considered impeachment over alleged conflicts of interest and misuse of public funds.

Ueno served about 2.94 million customers, roughly 60% of Paraguay’s adult population, and held around $800 million in public-sector deposits. The Social Security Institute, which manages pensions and health care for most workers, had $355 million at the bank, about 9% of its investments. Paraguay’s central bank said Ueno’s solvency ratio had fallen below half the required minimum; authorities detained eight senior executives, and prosecutors charged 27 bank officials and associates.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.