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The National Development Bank (BNF) reduced the guarantees required, eased disbursements and waived G. 62 million in administrative expenses when it amended, in October 2023, the G. 62 billion credit granted to itti, despite reservations about the appraisal and condition of the properties offered as collateral.
ittigrupo-vazquez-saesantiago-penauenoSeveral employees of Paraguayan technology company ITTI are reporting unexpectedly scheduled meetings, separation offers and job cuts in Argentina. Some of those affected say they work on ueno products. The scale of the restructuring has not been officially confirmed. Pytagua has contacted ITTI for comment.
ittiueno-bankargentinaUeno 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.
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