Half of Paraguay's population cannot access their money due to a bank failure, the president has resigned

The collapse of Ueno Bank in Paraguay has led to a political crisis, resulting in President Santiago Pena's resignation. Nearly half of the population cannot access their funds due to the bank's failure. Following Pena's resignation announcement, the lower house of parliament unanimously voted to initiate impeachment proceedings against him. Protests have erupted as clients demand access to their savings, with the central bank having declared Ueno Bank insolvent. Ueno Bank serves around 3 million clients, managing significant funds, while OTP Bank's investment in Ueno is minimal and poses no control rights.