Ueno: Paraguay guarantees payment of pensions after crisis
About 32,000 Paraguayan retirees received their social security benefits through Ueno Bank. Read on Gazeta do Povo.
TL;DR
- Around 32,000 Paraguayan retirees will have their benefit payments transferred to other financial institutions and receive them on November 17th.
- The government, led by new President Pedro Alliana, is taking measures to ensure pensioners are not harmed by Ueno Bank's liquidation.
- Approximately 1.2 million account holders have already received back their deposited funds, totaling about 996 billion guaranis (R$ 800 million).
- The Central Bank of Paraguay is continuing restitution efforts for all savers, including those with deposits above the guaranteed limit.
- Ueno Bank, owned by Grupo Vázquez, ceased operations due to deteriorating solvency indicators, impacting about 3 million clients and public funds.
- The crisis led to political turmoil, including the impeachment of the former president, Santiago Peña.