Paraguay’s central bank says it has completed the initial deposit-guarantee advance for 1,812,348 Ueno Bank depositors eligible for the payment, transferring about 3.99 trillion guaraníes (roughly $644 million). The final tranche was sent on Nov. 11, the deadline set under an emergency law. The payment is an advance against covered deposits, not a return of every customer’s full balance.

What the initial payout covers

The Banco Central del Paraguay (BCP) said its fifth and final group included about 29,988 savers. Agencia EFE reported that the initial advance covered eligible deposits up to 40 minimum monthly salaries, or 121.76 million guaraníes. The central bank’s total covers depositors entitled to the advance; it should not be read as confirmation that every Ueno customer has recovered all funds.

The BCP says certificates of deposit still require checks to confirm the current holder before those funds can be released. Local newspaper ABC Color also reported that some credits tied to those certificates remained blocked pending verification. That makes the completion figure a milestone in the guarantee process, while individual access to some credited funds may still depend on documentation.

The broader guarantee process continues

EFE reported that the statutory deposit-guarantee ceiling is 75 minimum monthly salaries per depositor, higher than the 40-salary limit used for the emergency advance. The BCP has said it will continue reviewing certificates of deposit, and EFE reported that payments would be expanded toward the full guarantee limit the following week. Amounts outside covered deposit types or above the legal ceiling are not resolved by this initial advance.

Ueno Bank remains a separate resolution case: Paraguay’s central bank took control of the lender after its solvency fell below the legal minimum. The payout update therefore marks progress for eligible savers, but does not itself settle the bank’s remaining liabilities or the wider political and financial fallout. See our earlier report on the Ueno bank crisis for related context.

Sources

Reporting: Banco Central del Paraguay; Agencia EFE; ABC Color; Associated Press.