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Ueno Bank Posts Record Half-Year Amid Aggressive Expansion

With 2.94 million customers now on its books, Paraguay’s Ueno Bank has cemented its market dominance by capturing 63% of the nation’s adult population. The institution closed the first half of 2026 with historic financial results, fueled by a surge in corporate lending and a massive influx of international capital.

Ueno Bank Posts Record Half-Year Amid Aggressive Expansion
Photo: Bio & News

Since its 2021 inception, the bank has acted as a primary engine for financial inclusion, bringing 1.2 million previously unbanked citizens into the formal economy. This rapid growth has been matched by significant maneuvers in international capital markets, most notably a USD 350 million bond issuance—the largest ever for a Paraguayan bank.

Institutional backing has proven equally vital to this expansion. The bank secured USD 171 million in new credit facilities, including a USD 20 million commitment from the Development Bank of Austria, earmarked specifically for women-led entrepreneurship and sustainable enterprise. Simultaneously, the eco.business Fund injected USD 20 million to bolster green economy projects, while strategic partner OTP Bank Plc increased its stake in parent company U Holdings by USD 47 million. These combined capital moves have fortified Ueno's balance sheet, providing the long-term liquidity necessary to sustain its trajectory in Paraguay’s evolving financial landscape.

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