UENO bank is gone. Will you get your money back? | Project Paraguay

UENO bank, one of Paraguay's largest banks with almost 3 million customers, has been closed by the Central Bank. What went wrong, who was involved, and will depositors get their money back? In this video Lester Rietveld of Project Paraguay talks with Paraguayan accountant Marcelo Pallotta, a former ueno customer himself. Together they go through the full story: from a credit store at Mercado 4 to a top 5 bank in five years, the role of public money and political connections, the resolution procedure, and what it means for your savings. In this video: ✅ How ueno grew so fast, and who helped it grow ✅ Why the Central Bank stepped in ✅ How the deposit guarantee and the emergency law work ✅ What happens to loans, credit cards and ueno cash mutual funds ✅ Whether the rest of the Paraguayan banking system is at risk ✅ Five lessons for anyone living or investing (in Paraguay) CHAPTERS 00:00 Introduction 00:49 From credit store to top 5 bank 01:46 The president as shareholder 04:44 The takeover of Visión Banco 06:32 Public money and the social security fund (IPS) 09:30 The $350 million bond 11:58 UENO everywhere: marketing and sponsorship 18:53 What went wrong? 26:02 The Central Bank's statement and UENO's denial 28:41 What is a bank resolution? 33:00 The deposit guarantee fund 36:15 Bail-out or resolution? Lessons from 2008 41:49 UENO cash mutual funds 45:49 Who had the most money at UENO? 47:19 Queues at other banks 48:26 The arrests 49:49 Is the whole banking system at risk? 51:01 What happens to the Guaraní? 52:20 Five lessons 54:12 Stay informed 57:02 The impeachment vote IMPORTANT Only follow the official channels of the Banco Central del Paraguay: bcp.gov.py The only official email address for the payout is fgdpagos@bcp.gov.py. Questions about your own situation in Paraguay? https://www.projectparaguay.nl/ Watch our Dutch-language take on the ueno collapse with Jeroen Pols:    • Wij waarschuwden een week voor de val van ...   This video is not financial advice. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🇵🇾 Plan A / Plan B pakket en verblijfsvergunning Paraguay 👉 https://www.projectparaguay.nl/verbli... 📲 Volg Project Paraguay op Telegram 👉 https://t.me/paraguayadventures 📸 Volg ons op Instagram 👉   / project_paraguay   🎵 Volg ons op TikTok 👉   / projectparaguay