Ueno Bank: What Happened to the $516 Million in Retirement Savings?
5 Articles
5 Articles
Ueno Bank faces a complaint from the IPS for more than $516 million from health, pension and pension funds.
The Social Security Institute (IPS) of Paraguay, which administers the health and retirements of the majority of workers in the country, filed a criminal complaint against the directors of Ueno Bank. The bank was intervened last week due to problems of solvency, and the agency had deposited there US$516,4 million. The presentation of the...
The guarantee fund will cover only 27% of Ueno Bank's deposits, while the IPS claims 516 million blocked. 11-11-2026 data.
The Institute of Social Security of Paraguay (IPS), in charge of health and the pension system, denounced Tuesday to the directors of Ueno bank, intervened last week due to problems of financial solvency, where more than 516 million dollars were deposited from the public entity. The entry The social security of Paraguay denounces Ueno Bank for more than 516 million dollars was first published in Proceso Digital.
Ueno Bank's intervention led to a crisis that splattered former President Santiago Peña, dismissed in a political trial for "misperformance of functions"
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