Paraguay Central Bank Shuts Ueno Bank; Deposits Frozen, Guarantee Fund Activated

The Central Bank of Paraguay ordered the closure of Ueno Bank due to solvency deterioration and loan irregularities, freezing deposits for nearly 3 million customers. The Guarantee Fund has been activated, but the timeline and extent of depositor recovery remain uncertain. This is a significant financial-system stress event in Paraguay, potentially affecting confidence in the banking sector.

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