President Santiago Peña steps down amid a deepening financial crisis as the collapse of Ueno Bank leaves millions of customers unable to access their deposits.
President Santiago Peña resigned on 2026-11-05 amid scrutiny over his former ties to Ueno Bank’s parent company, after the lender’s collapse left millions of customers unable to access funds. Political and banking instability can weaken the Paraguayan guarani, though no currency, price or policy-response data is given.
The lender’s collapse left millions of customers unable to access their funds.
Santiago Peña stepped down amid mounting scrutiny over his former ties to Ueno Bank’s parent company.
Paraguayan President Santiago Peña has resigned from office following the collapse of Ueno Bank. The digital lender's failure has left millions of customers without access to their funds, triggering intense scrutiny over the president's previous professional ties to the bank's parent company.
He resigned due to mounting public and political scrutiny regarding his former professional ties to the parent company of the collapsed Ueno Bank.
Millions of Ueno Bank customers are currently unable to access their funds following the digital lender's collapse.