Controlled Winding-Up of Girobank: Depositor Payout Expected. | SMN NEWS

girobank28122020Willemstad/Philipsburg:— Today, a major step was taken towards the payout of Girobank N.V.’s depositors and the institution’s controlled winding-up. The CBCS and the Government of Curaçao have worked out a solution laid down in an agreement that was signed today by the CBCS, the Country of Curaçao, and a new corporation, GI-RO Settlement Holding N.V., established by the Country of Curaçao.
GI-RO Settlement Holding N.V. was established specially to manage and collect Girobank’s outstanding loans and use the proceeds to make payouts to Girobank N.V.’s depositors. GI-RO Settlement Holding N.V. will be ...


To read more: https://www.smn-news.com/st-maarten-st-martin-news/36471-controlled-winding-up-of-girobank-depositor-payout-expected.html