Photo: Cmasi, CC BY-SA 4.0, cropped and resized (file image: Banco Central del Paraguay building, Asunción, 2009) / Source: Wikimedia Commons
BREAKING Business · 08:28
Paraguay takes over digital lender ueno bank; central bank chief quits and eight executives are detained
Paraguay's central bank (BCP) has started a resolution procedure for ueno bank, one of the country's biggest lenders and its leading digital bank, after its solvency ratio fell below 50% of the legal minimum. The bank's app, cards and services were shut down. BCP president Carlos Carvallo resigned the same day, prosecutors detained eight executives, and protests over frozen savings have spread in Asunción.