Paraguay Opposition Seeks Peña Impeachment Over Ueno Collapse

Paraguay's central bank placed Ueno Bank into resolution on November 3, 2026, after its capital ratio fell below half the legal minimum. Accounts froze for nearly 3 million customers; the bank reported about 2.8 million in Q1 2026. "I lost all my savings," 68-year-old depositor Marcelino Vergara told AFP. After protesters tried to breach barriers near Congress in Asunción, police used rubber bullets, tear gas and a water cannon. Demonstrations continued at the Pantheon of the Heroes. Thirty-five opposition lawmakers filed impeachment articles against President Santiago Peña and Vice President Pedro Alliana. Deputies need 53 of 80 votes to initiate; the Senate would need 30 of 45 if it advances. Peña's party holds majorities in both. Peña sold shares in Grupo Vázquez, Ueno's controlling group, in 2025. Carlos Carvallo, former Ueno executive and central bank chief appointed by Peña, resigned at Peña's request amid conflict-of-interest accusations. Eight Ueno executives face detention or warrants, including president Miguel Vázquez. Peña pledged in a video message legislation "that will return to every saver what they are entitled to as quickly as possible." AFP cited a law for guaranteed payments within five days. The Chamber of Deputies is to discuss the motion Thursday morning. The record shows no major attributed factual disputes on the core events; customer totals appear as nearly 3 million or the bank's ~2.8 million figure.