Ueno Bank Achieves Record-Setting First Half Results in 2026 Driven by Customer Expansion and Corporate Lending

Ueno Bank's Remarkable First Half of 2026

Ueno Bank has recently announced the most impressive first-half performance in its history, closing the first half of 2026 with outstanding results driven primarily by significant customer growth and an expansion in corporate lending. The bank has also benefited from robust backing from international investors and development finance institutions, which have reinforced its ambitious growth strategy.

Since its launch into the Paraguayan market in 2021, Ueno Bank has rapidly established itself as a key player in the financial landscape of Paraguay. It now holds a universal banking license and boasts the largest number of customers among local banks, with about 2.94 million clients that represent approximately 63% of the adult population in the country. This remarkable achievement underscores the bank's dedication to promoting financial inclusion, as it has welcomed over 1.2 million individuals into the formal banking sector for the first time.

In the first half of 2026, Ueno Bank not only expanded its customer base but also secured substantial funding to support its growth initiatives. The bank successfully completed a USD 350 million international bond issuance, marking a historic milestone as the largest issuance ever conducted by a Paraguayan bank in the international capital markets. Additionally, Ueno Bank obtained USD 171 million in fresh credit facilities from development finance institutions aiming to bolster its lending capabilities and support further expansion.

The bank's enhanced capital base, increased by USD 88 million during this period, is critical for its long-term sustainability. This infusion of capital comprised contributions from various sources, including USD 46 million in capitalized earnings, USD 25 million in tier 2 bonds, and USD 17 million from strategic investments made by OTP Bank Plc, its primary shareholder. The involvement of OTP Bank, recognized as one of Europe's leading banking groups, not only strengthens Ueno Bank's financial position but also affirms its growth strategies.

Ueno Bank's international partnerships have also played a vital role in its success. Notably, the Development Bank of Austria made its inaugural investment in Paraguay by offering a USD 20 million credit facility aimed at financing micro, small, and medium enterprises, with a particular focus on promoting women-led businesses and sustainable finance initiatives. Such engagements reflect the bank's commitment to supporting economic development and innovation in Paraguay.

Moreover, Finance in Motion, through its eco.business Fund, has increased its investment in Ueno Bank to USD 20 million to fund projects that align with the green economy and sustainable development objectives. This alignment with sustainable finance practices not only enhances Ueno Bank's portfolio but also contributes to broader environmental goals within the region.

As Ueno Bank continues on this trajectory, its focus remains firmly on advancing financial inclusion initiatives, sustaining growth in corporate lending, and playing a pivotal role in Paraguay's financial ecosystem. Through its ongoing efforts, Ueno Bank is set to remain a cornerstone of economic development and a formidable influence in the banking sector.

In a rapidly evolving financial landscape, Ueno Bank stands out as a resilient institution dedicated to delivering exceptional services to its customers while fostering sustainable practices that will shape the future of banking in Paraguay and beyond.

The growth and achievements of Ueno Bank in the first half of 2026 not only demonstrate its commitment to quality banking services but also resonate with a imperative that the bank fosters representing both financial accessibility and sustainable economic development. This strong start to the year positions Ueno Bank strategically for continued success in the months ahead.