Paraguay begins returning money to bank customers in crisis

The entity published a page explaining how the redemption of amounts works and how to check payments.

The information was confirmed this Friday (6) to the AFP agency by José Maciel, director of the Administrative Unit of the Deposit Guarantee Fund (FGD) of the Paraguayan Central Bank. The fund is responsible for guaranteeing the return of deposits to customers of financial institutions, within the limits established by law.

According to a statement published by the Central Bank on Thursday, the first stage includes customers who have up to 10 million guaranis deposited in the bank, have no debts with the institution and have an account authorized at another financial institution in the country.

The agency informed that account holders who have up to 10 million guaranis in deposits will receive the full amount. Payments to other groups will be announced later, depending on the progress of the process and within the deadline set out in the legislation.

The Central Bank also clarified that individuals and legal entities linked to Ueno Bank are not entitled to coverage from the fund, in accordance with Law No. 2,334/2003. If they receive any amount, they must return it to the fund within 24 hours, without prejudice to possible legal measures.