The European financial group OTP Bank completed a significant transaction in the Paraguayan financial system by investing USD 47 million in U Holdings, the parent company of ueno bank, acquiring a 9.99% equity stake. With this deal, OTP Bank becomes the main shareholder and long-term strategic partner of the Paraguayan digital bank.
Present in 11 countries, with over 17 million clients and assets exceeding USD 145 billion, OTP Bank is one of the largest financial groups in Europe. The decision to invest in ueno bank highlights international confidence in the business model and growth potential of Paraguay’s financial system.
Ueno bank has stood out for its ability to develop proprietary technology and operate as a universal bank within the local regulatory framework, which, combined with the rapid adoption of its digital services by millions of users, positions Paraguay as a hub of financial innovation in Latin America.
Juan Manuel Gustale, president of ueno bank, emphasized that OTP Bank’s arrival as a strategic shareholder represents a clear vote of confidence in the model built in the country and in future opportunities. He stressed that the partnership goes beyond financial investment, reflecting a shared vision and a commitment to continue generating joint value.
Beyond the capital injection, the alliance with OTP Bank brings international experience, technological expertise, and the potential to accelerate ueno bank’s expansion and digital transformation. This operation also strengthens the presence of foreign capital in the Paraguayan financial market and puts the country on the radar of global investors interested in innovative financial service models.
In March 2026, ueno bank had already completed an international bond issuance worth USD 350 million, supported by major financial institutions such as JP Morgan and Bank of America, consolidating its prominent position in the regional financial landscape.