Paraguay President Santiago Peña Resigns Amid Ueno Bank Crisis Affecting Nearly 3 Million Customers

**Asunción, November 5, 2026:** Paraguay has entered a major political and financial crisis following the resignation of President Santiago Peña amid the collapse of Ueno Bank. The country's central bank took control of Ueno Bank after identifying serious financial and capital-related problems. The banking crisis affected nearly three million customers who temporarily lost access to their accounts and banking services. The situation triggered protests in the capital, Asunción, as customers demanded access to their savings and greater clarity from financial authorities. The political controversy also intensified because of questions surrounding the bank's connections with individuals associated with the government. Peña announced his resignation while lawmakers were preparing to consider impeachment proceedings against him. Vice-President Pedro Alliana is expected to assume the presidency. The crisis has raised broader concerns about financial regulation, banking supervision and the protection of ordinary depositors. **Source:** Euronews. **Publication date:** November 5, 2026