Central Bank of Paraguay Intervenes in Ueno Bank; ATOME Secures World Bank Funding
1 report, 1 independent
Updated Wed 00:00
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What happened
The Central Bank of Paraguay intervened in Ueno Bank due to insolvency and low capital. Separately, ATOME PLC secured international lending from the World Bank Group in Paraguay. ATOME PLC stated it has no financial relationship with Ueno Bank and is not affected by the localized banking failure.
From investegate.co.uk
Why it matters
The intervention in Ueno Bank relates to the financial stability of Paraguay. Concurrently, ATOME PLC's access to World Bank Group funding supports its efforts to resolve the power purchase issue in the country.
From investegate.co.uk
Who's involved
- Ueno bankParaguayan bank that was intervened in by the Central Bank of Paraguay.
- Central Bank of ParaguayBank organization that intervened in Ueno Bank due to insolvency.
- World Bank GroupGroup that provided international lending to ATOME PLC in Paraguay.
- ParaguaySovereign state where the banking failure and lending occurred.
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The entities involved
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Ueno bank
Paraguayan bank
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Central Bank of Paraguay
bank organisation in Paraguay
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World Bank Group
group of five international organizations that make leveraged loans to developing countries