Paraguay's Senate impeaches President Peña after Ueno Bank collapse strands 3 million depositors

protothema.gr (Greek) —

Paraguay's Senate unanimously impeached President Santiago Peña following the collapse of Ueno Bank, leaving approximately 3 million depositors without access to their funds. The 44-0 vote removed him from office amid three criminal investigations. Peña had announced his resignation Thursday, but Congress proceeded with impeachment, which strips him of lifelong Senate immunity and opens the door for prosecution. The bank collapsed after solvency issues were discovered, with allegations of public funds being channeled to the institution. The crisis has damaged Paraguay's reputation as a regional financial center, which had recently gained investment grade status. Peña, a close ally of Donald Trump, denies wrongdoing, claiming he divested from the bank in March 2025.


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