Gilinski Family’s Colombian Bank in Paraguay Benefits from Ueno Bank’s Bankruptcy
As the old popular saying goes, “A troubled river is a fisherman’s gain.” That is what has just happened in Paraguay, where the Ueno Bank crisis, which encompasses situations such as the downfall of President Santiago Peña, the desperation of savers and pensioners who cannot access their funds, and even the loss of around 200 […]
According to the Central Bank of Paraguay, the Ueno Bank crisis in Paraguay has led to a surge in applications for digital accounts at Banco GNB, a bank owned by the Colombian Gilinski family. The bank's website reported intermittent service disruptions and delays in its mobile application due to the high volume of new account openings. Banco GNB, the fourth largest bank in Paraguay, stated that it was addressing the issue and hoped to return to normal operations in the short term.
The Ueno Bank crisis has also impacted the Colombian labor market, with around 200 Colombian employees affected by the bank's closure. The employees, working remotely for ITTI, a sister company of Ueno Bank, are uncertain about their job prospects and potential salary payments for October. The crisis has intensified savings concerns, prompting individuals to explore alternative banking institutions, providing a business opportunity for Banco GNB and other banks participating in the Deposit Guarantee Fund process.
Written by urgent.news from Colombia One's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
