2026 Paraguayan banking crisis
A bank used by most of Paraguay's adults fails, and takes the president with it
Paraguay froze a bank most of its adults used on Tuesday; by Friday its president had been removed and put under arrest.
Timeline
2026 Paraguayan banking crisis
The collapse of Ueno bank in November 2026, which froze the accounts of most Paraguayan adults and led Congress to remove President Santiago Peña.
Timeline
Paraguay's Senate removes President Fernando Lugo by 39 votes to 4 after a five-hour trial
Paraguay's central bank grants Ueno a full banking licence, 83 days after a former Ueno executive became its president
Paraguay's central bank takes control of Ueno bank and freezes its customers' accounts
A bank used by most of Paraguay's adults fails, and takes the president with it
President Santiago Peña announces his resignation; the Chamber of Deputies impeaches him 78–0
A bank used by most of Paraguay's adults fails, and takes the president with it
Paraguay's Senate removes Peña 44–0; Pedro Alliana is sworn in as president
A bank used by most of Paraguay's adults fails, and takes the president with it