Ueno Bank Collapse in Paraguay: How Brazilians Can Recover Their Salaries
Learn how Brazilians affected by the Ueno Bank collapse in Paraguay are using the guarantee fund to recover blocked salaries and investments.
TL;DR
- Ueno Bank in Paraguay collapsed, blocking salaries and savings for thousands, including Brazilians.
- The Central Bank of Paraguay began liquidation on November 3, 2026, after the bank failed solvency requirements.
- Account holders are being reimbursed through the Deposit Guarantee Fund, with a limit of approximately 121.76 million guaranis per person.
- The legal deadline for settling accounts is November 11, with debts automatically deducted from reimbursements.
- Brazilians faced difficulties meeting basic expenses due to the timing of the collapse during salary payment periods.
- Holders of fixed-term savings certificates (CDA) are still awaiting a defined payment date.
- Ueno Bank's technological modernity and direct Pix transfers to Brazil were key features.
- Despite the collapse, border commerce impact was limited due to cash usage, and business leaders are optimistic about continued investment.
- The Paraguayan financial system is considered fragile by specialists due to the bank's R$ 4 billion deficit.