WILLEMSTAD, ORANJESTAD – The Central Bank of Aruba (CBA) has not yet authorized the sale of Banco di Caribe to United Group Holdings. The CBA wrote in a press release on Friday.
The Central Bank of Curaçao and Sint Maarten (CBCS) announced on Thursday that Banco di Caribe will be sold by Ennia Caribe Holding NV (ECH), the parent company of the Ennia group. The sale includes all banking activities on Curaçao, Aruba, Bonaire and Sint Maarten. The insurance and investment activities of Van der Lubbe Assurantiën NV, Bancarib Real Insurance Curaçao NV and BdC Investments BV are also included in the sale.
The CBA informs that, according to Article seventeen of the National Ordinance on the Supervision of the Credit System, a natural or legal person is prohibited from acquiring a qualifying holding in a credit institution without prior permission from the CBA. This means that the acquisition of a direct or indirect interest in Banco di Caribe Aruba N.V. is subject to the prior consent of the CBA, according to the bank.