Ueno Bank has collapsed, in which OTP also acquired a stake this year

Ueno Bank, Paraguay's largest bank, collapsed, impacting OTP, which acquired a stake in 2026. OTP confirmed its minor investment, emphasizing it held less than 10% and had no control over the bank. The Paraguayan central bank initiated a resolution process due to the bank's capital adequacy ratio falling below legal requirements. Local residents are in shock as many cannot withdraw their funds from the previously thriving institution.