Paraguay’s central bank has seized Ueno Bank, the country’s largest digital bank, after its solvency ratio fell below half the legally required minimum, according to information shared by Coin Bureau. The reported intervention has left nearly 3 million customers unable to access their accounts, use bank cards or make transfers.
The collapse of the financial institution has triggered turmoil in Paraguay, with the situation described by Coin Bureau as a national crisis. The scale of the disruption is significant, given Ueno Bank’s position as the country’s largest digital bank and the nearly 3 million customers reportedly affected.
Solvency Concerns Lead to Central Bank Intervention
The key issue cited in the report is Ueno Bank’s solvency ratio, which reportedly plunged to less than half the legal minimum. The ratio is a measure of a financial institution’s ability to meet its obligations and maintain an adequate capital position.
Following the deterioration in the bank’s reported solvency position, Paraguay’s central bank seized control of the institution. The source does not provide further details about the timing of the intervention, the bank’s financial shortfall or the specific measures authorities intend to take next.
Nearly 3 Million Customers Affected
The reported consequences extend beyond the bank’s financial position. Nearly 3 million customers have been left unable to access their accounts, use their cards or complete transfers, according to Coin Bureau.
The disruption affects several core banking services, including access to deposited funds and the ability to move money. The report does not specify how long these restrictions are expected to remain in place or whether customers will regain access through alternative arrangements.
Ueno Bank’s position as Paraguay’s largest digital bank markets the reported seizure particularly consequential for its customer base. However, details about the bank’s recovery prospects, the status of customer deposits and the central bank’s next steps were not included in the information shared by Coin Bureau.
For now, the central development is the central bank’s seizure of Ueno Bank after its solvency ratio fell below half the legal minimum, with nearly 3 million customers reportedly unable to access accounts, cards and transfers.
Writer: Victoria Hale Technology & Blockchain Writer
Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.
She prioritises clarity and accuracy when explaining technical developments to a general audience.
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The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.
