Published On: Mon, Dec 16th, 2013

Breaking news: The Central Bank has taken precautionary measures against Giro Bank to protect its clients

Giro BankWILLEMSTAD – The Central Bank of Curacao and Sint Maarten has confirmed that the Court of Justice agreed on a decree to take precautionary measures against the Giro Bank Inc.

These measures are to protect clients and creditors. This decision was taken since the bank’s solvability position is under pressure after recent events.

Even though it is not clearly mentioned, the bank’s financial situation came under pressure after the bankruptcy of the local airline Dutch Antilles Express (DAE).

It’s the second time that the Central Bank takes emergency measures against the Giro Bank in recent years.

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