Paraguay returns part of its savings to all Ueno Bank customers with guaranteed funds

The Central Bank of Paraguay announced partial refunds to depositors of Ueno Bank, with 100% of guaranteed depositors receiving funds. However, most of the total amount remains unrecovered. A recent emergency law allowed for advance payments of up to $19,000 per depositor, while the Deposit Guarantee Fund protects up to $37,000. The bank had $2.8 billion before its intervention due to solvency issues. The recovery process for remaining funds will begin next week, with authorities prioritizing pension funds. Affected parties include public entities and mutual fund investors, who are still awaiting updates on their recoveries. The bank's collapse led to the dismissal of President Santiago Peña, who is currently in preventive detention.