Paraguayans get some savings back after banking collapse disrupted economy
Summary
Paraguay’s Central Bank said it had partially returned savings to all eligible Ueno Bank depositors who lost access to their accounts after the bank collapsed last week. The bank’s takeover on November 3 sparked large protests and was followed by the impeachment and arrest of former president Santiago Peña, whom the article says was linked to Ueno.Key Facts
- The Central Bank announced the partial return of deposits on Wednesday, November 11.
- The payments went to all eligible Ueno Bank depositors affected by the collapse.
- Depositors had been unable to access their accounts after the bank collapsed the previous week.
- Authorities took over Ueno Bank on November 3.
- The takeover triggered large protests across Paraguay.
- Former president Santiago Peña was impeached and arrested after the collapse.
- The article says Peña was linked to Ueno Bank.
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