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Several 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 equity of G. 2.12 trillion at the end of 2025. At the same time, G. 2.11 trillion appeared on its balance sheet as rights in a trust created in connection with the merger with Visión Banco. The public financial statements do not explain how much of this amount consists of actual investments and how much represents deferred costs. Rating agency FIX also reports “adjusted capital” of only G. 1.22 trillion. A stress test shows why the missing details about the trust are crucial for assessing the bank.
ueno-bankvision-bancobankingtrust-assetsparaguay-economyOfficial spreadsheets from the Ministry of Economy and Finance (MEF) reveal that Ueno Bank, linked to former partners of President Santiago Peña, increased its state deposits in foreign currency by more than US$102 million between December 2025 and April 2026, taking advantage of the dollar's depreciation on the local market. The funds include resources from the Social Security Institute (IPS).
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