Roberto González (ANR) threatened to seek the impeachment of BCP President Carlos Carvallo Spalding, also spelled Carlos Cavallo Spalding, unless questions about Ueno, the custody of public funds and possible conflicts of interest are clarified. He also challenged the “neopeñistas” to defend the government of Santiago Peña’s actions.
Asociación de Bancos del Paraguay
Pytagua coverage mentioning Asociación de Bancos del Paraguay.
The Senate gave the Central Bank of Paraguay 15 days to explain the concentration of public funds at Ueno Bank, accounting discrepancies, transactions with related companies and the handling of an internal memorandum, while the Paraguayan Banking Association calls for transparency and uniform application of the rules.
Senator Rafael Filizzola accused Santiago Peña of using Ueno to make poor deals with state funds and IPS contributors’ money, with possible effects on health care and retirement, as well as supplying energy at low prices and ignoring warnings about the bank.
Paraguay’s Chamber of Deputies left the IPS emergency bill off its agenda despite a priority motion, as a crisis within Honor Colorado — led by Horacio Cartes, who confirmed the Pedro Alliana–Juan Carlos Baruja ticket — surrounds a proposal that could increase the exposure of the institution’s funds to Ueno Bank.
The Central Bank of Paraguay (BCP) said it will respond within 15 business days to Senate requests about procedures and decisions by the authority and the Superintendency of Banks (SIB) involving mergers, acquisitions, banking operations and public deposits, while Santiago Peña met with sector representatives, including Juan José Galeano and leaders of the Association of Banks of Paraguay (Asoban), who advocated transparency and the technical autonomy of regulators and highlighted the system’s strength after investment-grade status was obtained.
DNIT and the Association of Paraguayan Banks are advancing preparations for an integrated platform to speed up access to bank activity during audits, with analysis based on taxpayers’ financial profiles and restricted access; banks may view tax returns only with express authorization.
Ueno Bank reported intangible assets related to software systems for 2025 whose book value is around three times higher than the corresponding assets of nine other major banks in Paraguay combined. The unusual scale of the figure has raised questions within the financial sector. According to opposition lawmaker Mauricio Espínola, the Paraguayan banking association Asoban may also have approached the Central Bank over the matter.
DNIT and Asoban signed an agreement to create a secure platform for exchanging tax and banking data starting in 2027, while the tax authority also reviews special regimes and regulates cryptocurrencies to increase revenue.
Paraguay's banks warn that the recently achieved investment grade requires fiscal and pension reforms, along with strong institutions and regulation aligned with international standards, to ensure macroeconomic stability and competitiveness in the financial sector.
Fiat, represented in Paraguay by Grupo Garden, began construction of its new corporate headquarters in Asunción on June 9, with an investment of 30 million dollars. The 13-story building will cover 45,700 m² at the intersection of República Argentina and Guido Boggiani avenues. This investment is significant for Paraguay's economy and the regional automotive industry, marking a milestone in the development of the local automotive sector and reinforcing Paraguay's potential as an industrial growth hub in South America.
The Paraguayan government has created a working group led by Deputy Minister of Industry Javier Viveros, with representatives from various financial and government institutions, to streamline the process of opening bank accounts by foreign investors following complaints about excessive bureaucracy, with a 60-day deadline to present a concrete proposal.