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ALLIANCE POUR LE COM [APC] In The News Source: Today SXM

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Source: SXMIslandTime
25 Feb 2020 01:24 PM

Government Working On A Solution For Giro Bank

WILLEMSTAD – There is light at the end of the tunnel for the Giro Bank. While there are still some finishing touches regarding an agreement, but a good part of the portfolio of performing loans of the Giro Bank will be transferred to the new APC Bank, which belongs to the General Pension Fund Curaao. When the APC Bank will start its operations is not yet known.

Another issue that will be resolved is that all account holders and deposit holders can dispose of the full amount of the funds they have at Giro Bank.

APC, itself a 39.8 percent shareholder in Giro Bank, is contributing around 110 million guilders for this Read more


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