Peña announces resignation as Paraguay bank crisis fuels impeachment

Paraguay’s president, Santiago Peña, announced his resignation amid a banking crisis, according to the Guardian’s November 6, 2026 report. The central bank had placed Ueno Bank into resolution over insolvency, freezing deposits belonging to 3 million customers. The report described widespread protests and families unable to access money for food and everyday expenses.

Lawmakers accused Peña of misconduct and conflicts of interest involving the bank, whose expansion his administration had authorised. Peña said he had sold his shares and denied wrongdoing. The lower house approved an impeachment motion after his announcement, sending it to the senate. The report said congressional acceptance of his resignation and the succession remained unresolved.

The reported crisis involved both household savings and public funds: Ueno managed between $800 million and $850 million in deposits from state and pension entities. Peña’s previous shareholding ties prompted scrutiny of how those funds reached the bank. The article reports allegations and denials, rather than establishing criminal responsibility.