Ueno Bank Depositors Start Getting Money Back: Paraguay Central Bank Official
15 Articles
15 Articles
The Central Bank of Paraguay (BCP) began the return of deposits to the customers of Ueno Bank, intervened due to solvency problems. In this first stage, the payments are aimed at savers with deposits of up to $1,600 provided they do not have debts with the entity and have an account in another bank to receive the funds. According to data disseminated by the authorities, the process involves more than 720,000 accounts and will be carried out grad…
Ueno Bank depositors start getting money back: Paraguay Central Bank official
ASUNCION: Paraguay has started paying advances to Ueno Bank depositors who lost access to their funds with its dramatic takeover earlier this week, a Central Bank official told AFP on Friday. Chaos engulfed the small South American nation when Tuesday's seizure of Ueno blocked the accounts of almost half the population. Huge protests have rattled Asuncion, with President Santiago Pena resigning but still facing impeachment over the implosion of …
"The process of payment of advance guarantees to Ueno bank depositors began on Thursday," said José Maciel, Executive Director of the Deposit Guarantee Fund of the Central Bank of Paraguay (BCP).
With the bank's liquidation, about 3 million customers were left without access to their money.
In a statement, the BCP reported that the payments correspond to a first group of savers and reach a maximum of 10 million Guarani (about 1,565 dollars), according to the exchange rate of the agency
The customers of the Paraguayan digital bank will today receive an e-mail informing the value they will receive and the account to which the money will be transferred, according to the Paraguayan newspaper Today. Those who have accounts in other banks will receive the resources through these institutions. For those who do not have another account, a provisional account will be opened in another bank. In all, 16 trillion guaranis or US$ 2.6 milli…
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