This is how Ueno responded to Congress’s request for information

Paraguay’s Congress is seeking answers from the Central Bank about the unusual figures in Ueno Bank’s accounts, including the extent of its transactions with companies linked to its own business group.

Senators from Honor Colorado submitted a request containing 31 technical questions. They want to know whether the Superintendency detected breaches or excesses in prudential limits for operations with related parties. The request specifically names Mowi S.A., Grupo M S.A., Grupo Hendy S.A., Tuiu S.A., Franede S.A. and Aime S.A. Corredores de Seguros.

The inquiry follows a series of reports about the bank’s financial statements. Ueno Bank, part of Grupo Vázquez, held more than 5.1 trillion guaraníes in public funds as of July, making it the private bank with the largest concentration of public deposits, according to the article.

Its 2025 balance sheet shows the scale of its internal transactions. In Note c.16, covering credits and contingencies with related people and companies, the bank reported 497.944 billion guaraníes in miscellaneous gains. Of that amount, 303.910 billion guaraníes, or more than 61%, came from related-party operations.

Another section of the accounts lists 648.512 billion guaraníes in recovered reimbursements and 619.463 billion guaraníes in absorbed reimbursements. The note says those figures relate to specific campaigns and included 582.230 billion guaraníes in gains involving related people and companies at the end of 2025.