#Paraguay #Asunción #Customer Growth #Ueno Bank

Ueno Bank's Historic First Half of 2026

Ueno Bank has announced that it closed the first half of 2026 with the most robust financial performance in its history, significantly propelled by an increase in customer numbers, an expansion in corporate lending, and solid international support.

A Growing Customer Base

In just a few years since its inception in 2021, Ueno Bank has emerged as a cornerstone of the Paraguayan financial landscape. As the largest bank in terms of customer numbers, Ueno has effectively reached a staggering 2.94 million customers—representing nearly 63% of Paraguay's adult population. This remarkable growth is a testament to the bank's commitment to fostering financial inclusion, bringing over 1.2 million individuals into the formal financial system for the very first time and broadening the accessibility of financial services across the nation.

Corporate Lending Expansion

The bank’s corporate lending has also shown considerable growth, contributing significantly to its financial strength. In 2026, Ueno Bank successfully completed a USD 350 million international bond issuance, setting a record as the largest ever by a Paraguayan bank in the international capital markets. Additionally, the bank secured USD 171 million in new credit facilities through partnerships with development finance institutions, reinforcing its commitment to supporting local businesses and entrepreneurs.

This focus on lending is not just a financial maneuver; it aims to stimulate the Paraguayan economy by supporting micro, small, and medium-sized enterprises (MSMEs) and promoting sustainable financial practices within the country.

International Backing and Strategic Investments

Ueno Bank's financial positioning has been bolstered by strategic investments from international partners. The Development Bank of Austria (OeEB) made its inaugural investment in Paraguay with a USD 20 million credit facility, targeting financing for women-led businesses and advancing sustainable practices. Moreover, Finance in Motion has reinvigorated their commitment to Ueno Bank by increasing their investment to USD 20 million, focusing on ventures related to the green economy and sustainable development.

The reinforcement does not stop there; OTP Bank, a key player in one of Europe’s banking landscapes, has further increased its strategic investment in U Holdings, the bank's parent company, to USD 47 million. This series of investments not only strengthens Ueno Bank's capital base but also enhances its access to long-term funding, providing a foundation for future growth.

A Vision for Inclusion and Growth

Ueno Bank has articulated its clear mission to advance financial inclusion, thereby enhancing support for individuals and businesses, and directly contributing to Paraguay's sustainable economic development. As it continues to grow, the bank aims to be at the forefront of financial innovation within the region, ultimately influencing the country's overarching financial health.

In conclusion, Ueno Bank is set on an upward trajectory, marked by unparalleled growth, burgeoning customer relationships, and a resilient network of international support. As it looks to the future, the bank's ongoing efforts will likely inspire continued transformation in Paraguay's financial sector, securing a promising economic landscape for all its stakeholders.