Large part of Girobank NV’s customers credit balances will soon be available
Willemstad/Philipsburg – On December 10, 2019, a moratorium was set at Girobank N.V. (Girobank), freezing all credit balances in excess of NAf 10,000 on Girobank’s current and/or savings accounts. A large part More...
SHTA questions the survival of the monetary union between Curaçao and St. Maarten
PHILIPSBURG — An ‘existential threat’ towards the St. Maarten economy is what the St. Maarten Hospitality & Trade Association (SHTA) calls the possible increase of foreign exchange license fees in More...
CBCS kan Girobank-debacle niet zonder hulp van Nederland oplossen
PHILIPSBURG/WILLEMSTAD – Ruim 27.000 gedupeerde rekeninghouders bij de insolvabele Girobank NV in Curaçao kunnen alleen uitzien naar uitkering van eventuele resttegoeden als Nederland te hulp schiet. Dat blijkt More...
CBCS cannot resolve Girobank debacle without assistance from the Netherlands
PHILIPSBURG/WILLEMSTAD -- More than 27,000 affected account holders at the insolvent Girobank NV in Curaçao can only look forward to payment of any remaining balances if the Netherlands comes to the rescue. This More...
Government-owned banks under pressure
PHILIPSBURG/WILLEMSTAD — Following the recent bank run on the partly government-owned Girobank in Curaçao, some of the clients of the fully government-owned PSB bank also withdrew their deposits. Management More...
