# Bueno Bank Intervention in Paraguay: Loans and Pension Funds - Original post: https://www.twitter.com/i/status/2118458781222732200 - Source account: [@infobaenvivo](https://x.com/infobaenvivo) - Source language: Spanish - Target language: English - Duration: 2:34 - Published: 2026-11-08 - Machine translated. Check the original before quoting. - Canonical URL: https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds - Original-language version: https://www.translate.mom/transcript/WlF9D1tepsfC/es/intervenci%C3%B3n-de-bueno-bank-en-paraguay-pr%C3%A9stamos-y-fondos-de-jubilaciones.md ## Transcript [0:00](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds) Exceptional, and very geared toward small clients. [0:03](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=3) There are big clients, I'm not saying there aren't. [0:04](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=4) They pay pensions because they were very close to those in power and got some perks. [0:08](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=8) Now, we're not talking about a giant in terms of money, we're talking about a giant in terms of clients. [0:14](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=14) Quantity. Yes. Not quality. Uh, it does manage eight hundred fifty million in public funds from the IPS, which is their ANSES, their ANSES. [0:23](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=23) It pays the, pays the pensions. The National Social Security Institute. [0:25](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=25) It's a completely different financial system, much less regulated, and— How much does it manage, sorry, in pensions? Eight hundred fifty million. [0:31](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=31) And is that percentage of total pensions high? [0:33](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=33) No, no, I have no idea. I have no idea. No, it's a portion that's distributed among different banks. [0:37](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=37) Among several banks, okay. Um, there are only sixteen banks in all of Paraguay. [0:42](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=42) Uh, this is one, one of the newest ones, it was founded in 2023. Mm-hmm. [0:45](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=45) Buying up other, smaller banks and so on, and it developed this very tech-savvy, very fintech-style model by our standards. [0:51](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=51) It's a very tech-savvy bank. It operates as a bank under Paraguayan regulations, which allow it to. [0:58](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=58) Why does it intervene— Sorry, Marty, 34.4% of retirees. [1:01](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=61) There it is, a third. All right. Stop. Yes, yes, yes, yes, yes. [1:04](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=64) No, no, it has very good connections with those in power. [1:07](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=67) When does the Central Bank of Paraguay intervene? [1:10](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=70) Uh, critical solvency. The capital adequacy indicator, which fell bel— uh, below fifty percent, according to certain metrics. [1:16](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=76) This is disputed, But that was the argument used by the Ban—Banco Central del Paraguay to say: “I’m taking it over. I’m freezing withdrawals. [1:22](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=82) No one can withdraw their, their deposits.” [1:25](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=85) Let’s continue. What were—what operations put the bank in this situation, Bueno? [1:31](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=91) Loans to, to itself. What Martínez said perfectly sums it, it, it up. [1:35](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=95) Bueno belongs to the Vásquez Group and made loans to other companies controlled by the Vásquez Group, particularly seventy-four point four million… [1:43](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=103) in loans to a company called Finanzas SA, which, uh, are highly questionable. [1:49](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=109) Why are they highly questionable? All these companies are connected to those in power. [1:54](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=114) Santiago Peña was a for— former shareholder in the group. [1:57](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=117) Federico Mi—Miguel Vá—uh, Vásquez Villasanti is the owner, He had him as an employee. [2:01](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=121) Of course, it's the loan amounts and the loan terms that don't match the companies. [2:04](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=124) The companies. The companies' balance sheets. [2:06](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=126) Let me organize the explanation a bit for you, Marty, so the general public can understand. [2:09](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=129) I mean, what was Bueno Bank's problem? It gave loans to companies related to itself, violating certain financial safety regulations, because those companies that receive the loans might not be in the financial position to receive such large amounts. [2:25](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=145) It lends to itself, financing its own businesses. [2:28](https://www.translate.mom/transcript/WlF9D1tepsfC/en/bueno-bank-intervention-in-paraguay-loans-and-pension-funds?t=148) It's unfortunately very common, like, say, crime in the fi