APC Bank gets banking licence | THE DAILY HERALD

Oswin “Oz” Eleonora.

PHILIPSBURG–Following “an extensive preparatory process,” APC Bank recently obtained a commercial banking license from the Central Bank of Curaçao and St Maarten (CBCS). With this license, APC Bank – established by General Pension Fund APC – can now focus on the necessary preparatory work to start operating in Curaçao and St Maarten.

  APC Bank was founded in April 2020, and bought the shares of PSB Bank in May. APC Bank plans to purchase the shares of Centrale Hypotheek Bank (CHB) as well. In addition to these developments, APC Bank worked hard on its business and capitalisation plans, APC Bank said in a press release.

  With the license in hand, APC Bank has initiated a communication process that will keep stakeholders informed of developments. As a kick-off of the communication process, Chairman of APC Bank’s Supervisory Board of Directors Oswin “Oz” Eleonora briefed PSB and CHB employees on the recent developments in a town hall meeting held on January 15.

  The community is also a key stakeholder. Therefore, you can expect to receive updates regularly, it was stated in the release. Further communication on this topic will follow, APC noted in the release.

Source: The Daily Herald https://www.thedailyherald.sx/islands/apc-bank-gets-banking-licence