Primary source: ueno bank statement on BCP Senate report

Paraguay's private bankers asked the central bank to publish solvency information on lenders that received merger-related facilities, days after senators from several parties urged President Santiago Peña to replace the institution's board².

The request, issued Sunday, Oct. 18, by the Association of Banks of Paraguay, which groups 14 private lenders, followed a central bank report to the Senate on several private institutions, including digital lender ueno bank^2,3.

The association described that report as incomplete and said concern remained over the credit exposure of an unnamed private bank to companies in its own group².

On the Wednesday before that statement, senators from the ruling party and the opposition called on Peña to dismiss the board, including president Carlos Carvallo². Peña had earlier publicly backed the central bank and called for calm amid rumours about ueno².

ueno said in a statement dated Oct. 14 that the central bank's Oct. 7 report to the Senate, and later comments by officials on Oct. 9, reaffirmed that Paraguay's financial system was operating with adequate solvency and liquidity and that no regulatory intervention was underway or expected at any institution³.

On related-party lending, ueno said the central bank had required adjustments in June and July 2026, that the bank completed those steps on deadline, that it was in compliance with related-party limits, and that no sanctions or regularization plan were imposed³.

The same statement said one administrative proceeding was still open over an alleged indirect financing tied to a loan-portfolio sale, that the bank maintains the transaction complied with rules, and that opening a proceeding is not a finding of wrongdoing³.

Reuters later reported additional comments from the central bank, ueno, and senators on Thursday, Oct. 22¹. Independent confirmation of those later interviews was not available at the time of writing beyond the wire report¹.

MercoPress noted that in 2024 Peña described as a media campaign reports that the Social Security Institute bought ueno bonds; Juan Manuel Gustale, the bank's head, said Peña was a shareholder in Ueno Holding rather than the bank, and Peña said in April 2025 that he had sold those shares². It was not clear from the available reports whether Peña would act on the calls to replace the board.

Sources

1. ReutersParaguay's central bank under pressure over politically connected lenderOct 22, 2:30 PM
2. MercoPressPressure mounts on Paraguay’s Central Bank over doubts about some lenders’ solvencyOct 18, 1:51 PM
3. ueno bank (statement)Update on the BCP Report to the Senate and Its Statements on the Paraguayan Financial SystemOct 14, 8:00 AM

Read the original at Reuters ↗