By LCN Business Desk
A company with working capital in ueno bank got a down payment this week and no date for the rest of it. Ley 7745, promulgated on Wednesday 4 November, lets the Fondo de Garantía de Depósitos advance up to 40 times the monthly minimum wage ahead of the statutory window. The balance, up to the full guarantee of 75 times the wage, still runs to Tuesday 17 November, fifteen days from the dissolution, with an extension available to 2 December.
Peña signed that law on the Wednesday. On Thursday 5 November the Cámara de Diputados voted 78-0 to impeach him over the collapse of the same bank, and he had already resigned.
What is the depositor's position today?
A ceiling, a queue and a date, two of which were set before the bank failed.
| Guaranteed per depositor, per bank | 75 times the monthly minimum wage, US$38,600 |
| First payment authorised ahead of the deadline, 3 November | G.10,000,000 |
| Advance under Ley 7745, promulgated 4 November | 40 times the wage, G.121,760,000 |
| First statutory deadline for the balance | 17 November 2026 |
| Extension the law allows | to 2 December 2026 |
| Tranche dates, locations and requirements | not published |
| Above the ceiling | recovered from the sale, state pension fund first |
The ceiling, the queue and the deadlines are set out in our 4 November report on the resolution. The first-payment figure is the central bank's.
The ceiling and the queue have not moved since the bank was dissolved on 2 November. What moved this week is the timing of the first payment, and the political standing of every institution that has to execute the rest.
What did the faster-payout law change?
It put a down payment ahead of the deadline, and left the deadline where it was.
Ley 7745 amends Ley 2.334/03 to let the fund advance up to 40 times the monthly minimum wage, G.121,760,000, with the payment procedure starting within 24 hours of a resolution and not exceeding five business days. The Senate passed it on 4 November, the Cámara de Diputados approved it the same day with modifications, and the Senate accepted those. Peña promulgated it on 4 November. It is a payment on account: it does not raise the total guarantee of 75 times the wage, and it does not move the fifteen-day deadline for the balance.
::: The advance is 40 times the minimum wage. The guarantee is 75. The law moved the first payment, not the deadline for the rest. :::
A depositor reading the two numbers together learns that the money arriving first is an instalment, not a settlement. The Senate, which passed the law, was also the chamber holding the accusation against Peña.
Who is running the payout?
A central bank whose president was asked to go on 3 November.
Peña asked for Carlos Carvallo's resignation as president of the Banco Central del Paraguay the day after the dissolution, posting that "ante los hechos de público conocimiento registrados en el transcurso del día, he pedido la renuncia del presidente del Banco Central del Paraguay". Carvallo put his position at the disposal of the Senate. Liana Caballero is acting in his place, has set the first disbursement at up to G.10,000,000 and has said depositors will be paid in three tranches.
Carvallo led the firm then trading as Financiera Ueno from June 2021 until he took the central bank in 2023, and the regulator has said he took no part in decisions concerning Ueno. Peña held shares in Ueno Holding until 2025. The impeachment accusation cites conflict of interest and poor performance in office.
The institution that dissolved ueno bank on 2 November, after finding its solvency ratio below half the required minimum and lending to companies in the owning group, is the institution that must publish those tranche dates before 17 November, under a president who is acting.
What happened to the government this week?
Peña resigned and was impeached anyway, and the second part is not redundant.
He resigned on 5 November in a note to the President of Congress Basilio Núñez. Deputies impeached him unopposed and sent the accusation to the Senate, then shelved a motion against Vice President Pedro Alliana 48 votes to 30. Article 189 of the Constitution makes a democratically elected former president a senator for life "salvo que hubiesen sido sometidos a juicio político y hallados culpables", so the seat survives an impeachment and falls only to a conviction. The accusation, brought by 35 legislators, concerns his former business links to the group that owns the bank and the handling of public and pension funds connected to it. Prosecutors have sought the arrest of at least eight people linked to the institution.
Which claims are covered and which are not?
Claims at or below 75 times the monthly minimum wage are covered. Claims above it are not.
A claim at or below the guarantee is paid by the fund, and the open questions are the tranche date and the collection point. A claim above it is a creditor claim against the proceeds of a sale, ranking behind [a state pension fund whose money at the bank grew about thirty times in 31 months](https://www.lacaribenanews.com/paraguay-pension-fund-paid-first-ueno-bank-business-depositors-2026/), and carries no timetable at all. Neither position depends on who holds the presidency.
Correction
Corrected 7 November 2026. This article originally ran under the headline "Paraguay Must Start Paying ueno Bank's Depositors by 17 November. The Bill to Pay Them Faster Sits With the Chamber That Spent Thursday Impeaching the President." It stated that the faster-payout measure "has been with the Cámara de Diputados since the Senate passed it", that "it passed to the lower chamber and has not been voted there", and that "the bill is not promulgated and none of it is in force". All three were wrong. The Cámara de Diputados approved the bill with modifications on 4 November 2026, the Senate accepted those modifications, and President Santiago Peña promulgated it the same day as Ley 7745, which he announced himself. The Chamber of Deputies published its own record of the vote, and ABC Color reported the promulgation on 4 November. The headline, the answer capsule, the opening, the section on the bill and the title card have been rewritten accordingly, and the two entries in the not-established list that this correction answers have been removed. The guarantee ceiling, the queue above it, the 17 November deadline for the balance and the account of the impeachment are unchanged. What happened after this article was published, including the Senate's 44-1 removal of Peña, his house arrest and the swearing-in of Pedro Alliana, is reported separately.
What is not established here?
The month Carvallo took the central bank, which sources give as August and as 1 September 2023, and the month Peña's shareholding ended, which one source puts at March 2025 and others place in that year without a month.
Whether the 17 November deadline will be extended to 2 December, which the law permits and nobody has announced.
What the accusation alleges in its own terms. LCN has not read it and relies on press accounts of its contents.
The entities
- ueno bank is the Paraguayan lender, fifth-largest in the country, dissolved by the central bank on 2 November 2026. - Fondo de Garantía de Depósitos is the deposit guarantee fund created by Ley 2.334/03, which must pay the balance of the guarantee by 17 November 2026. - Ley 7745 is the law promulgated on 4 November 2026 amending Ley 2.334/03 to allow an advance of up to 40 times the monthly minimum wage. - Banco Central del Paraguay is the central bank that dissolved ueno bank and must publish the tranche arrangements. - Carlos Carvallo is the president of the Banco Central del Paraguay whose resignation Peña asked for on 3 November 2026, and who led the firm then trading as Financiera Ueno from June 2021. - Liana Caballero is the central bank's interim president, who set the first disbursement at up to G.10,000,000. - Cámara de Diputados is the lower chamber, which approved the faster-payout bill with modifications on 4 November 2026 and impeached President Santiago Peña 78-0 on 5 November 2026. - Santiago Peña is the President of Paraguay who resigned on 5 November 2026 and was impeached the same day. - Pedro Alliana is the Vice President, named by Article 234 as successor, against whom an impeachment motion was shelved 48-30. - Article 189 is the constitutional provision making elected former presidents lifetime senators unless impeached and found guilty.
What the title card says
- Headline: Paraguay's president signed the law to pay ueno bank's depositors faster on Wednesday, and on Thursday the chamber impeached him 78-0. - Date Ley 7745 was promulgated: 4 November 2026. - Advance the law allows: 40 times the monthly minimum wage, G.121,760,000. - Guaranteed per depositor: 75 times the monthly minimum wage, about US$38,600. - First statutory deadline for the balance: 17 November 2026, extendable to 2 December. - Chamber of Deputies vote to impeach Peña: 78 to 0. - Chamber of Deputies vote on the motion against Alliana: shelved, 48 to 30. - Customers left without access when the bank was dissolved: about three million.
Frequently Asked Questions
When must ueno bank's depositors be paid?
The advance under Ley 7745 runs on its own clock, starting within 24 hours of the resolution and not exceeding five business days. The balance of the guarantee must be paid by Tuesday 17 November 2026, fifteen days from the 2 November dissolution, and the law allows an extension of a further fifteen days, to 2 December.
How much is guaranteed?
75 times the monthly minimum wage per depositor at the bank, about US$38,600. The central bank has authorised a first payment of up to G.10,000,000 ahead of the deadline, with depositors split into three tranches whose dates, locations and requirements have not been published.
What about money above the ceiling?
It is recovered from the sale of the bank in an order set by statute, with the state pension fund paid before other creditors. No timetable for that has been published.
Is there a law to pay depositors faster?
Yes, and it is in force. Ley 7745, promulgated on 4 November 2026, lets the fund advance up to 40 times the minimum wage, G.121,760,000, with the payment procedure starting within 24 hours of a resolution and not exceeding five business days. It is a payment on account: it does not raise the total guarantee of 75 times the wage, and the balance still runs to the 17 November deadline.
Does the president's resignation change the payout?
Nothing in the ceiling, the queue or the statutory deadline depends on who holds the presidency. What is in question is the legislative and executive capacity to amend or extend any of it before the deadline.
Why was Peña impeached after resigning?
Article 189 makes an elected former president a senator for life unless he was both put to impeachment and found guilty. The Chamber's vote supplies the first limb; only a Senate verdict supplies the second.