CURACAO/Sint Maarten – In a press release, the management of PSB Bank emphasizes that the circumstances at the bank cannot be compared with those at Girobank and that the situation is stable. This is due to “incorrect reporting that have been distributed through the media”.
The management points out that PSB, like Girobank, does not fall under the emergency regulation of the Central Bank of Curaçao and Sint Maarten (CBCS).
Just like all other financial institutions, the bank is “supervised” by the CBCS and must be accountable “for its business operations and internal systems”. The “incorrect negative information” circulating “unnecessarily leads to unrest.”
PSB has opened an information line to restore peace among customers. If customers have questions about bank balances and accounts, they can obtain information via the central number 4322000 as well as via 4322078. PSB Bank has been named by the management of the Central Bank as a candidate in the search for a strategic partner to sell Girobank in parts.
PSB is fully owned by the Country of Curaçao and could be brought in as an asset by the government. An important role would be played by the General Pension Fund Curaçao (APC). APC received a banking license for APC Bank at the end of 2017 and is a shareholder in Girobank. At PSB, customers have a savings account, a mortgage loan or, for example, a loan for the purchase of a car.
In May this year, then Director Daniel Hodge said that PSB would become a general bank. “The concept of a savings bank has actually become obsolete,” said Hodge, who suddenly disappeared from the scene after reaching the age of 60 in October and the government decided not to renew his contract.
