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Of the almost three million customers affected by the dissolution of the financial institution, about 1.2 million have already received the return of their savings, according to the Central Bank of Paraguay on Saturday. The process began with users who have accounts in other banks and do not have debts, but is expected to reach 97% of those affected. Report from our correspondent, Flavia Borja.
The Central Bank of Paraguay (BCP) began the return of deposits to Ueno Bank customers, which was involved in solvency problems. At this first stage, payments are directed to savers with deposits up to $1,600 provided they have no debts to the entity and have an account in another bank to receive the funds. According to data disseminated by the authorities, the process involves more than 720,000 accounts and will be carried out gradually. Customers with higher amounts must wait for the next stages of the return plan. Our correspondent Flavia Borja
The Senate of Paraguay rejected the 72-hour extension request made by the resigning president, Santiago Peña, to prepare his defence in the political trial. The President or his legal team must now appear before the House. Report from our correspondent, Flavia Borja.
Santiago Peña, the resignation president of Paraguay, asked for an extension to Congress to respond to the allegations related to the serious financial crisis and the collapse of Ueno Bank, a banking entity related to its environment and of which it was a shareholder. Peña argued that it was notified only the day before and that the deadline does not guarantee due process. Congress assesses the order in the midst of a climate of tension. Report from our correspondent, Flavia Borja.
Despite not being certain of the location of President Santiago Peña, the still president spoke in his official account of X and said that he would come to the political trial and exercise his right to defence, so the media assume that he is still in the country despite rumors that he already left Paraguayan territory. Our correspondent Flavia Borja extended our information.
The Paraguayans are moving in the streets to the Plaza de Armas de Asunción following the announcement of the resignation of President Santiago Peña for his connection with the bank Ueno Bank, a platform that announced its dissolution for financial insolvency. The protesters demand a political trial against the president and ask their fellow citizens to go to the streets to demand answers. Inform our correspondent Flavia Borja.
