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August 20, 2008 8:00 AM

Girobank takes over the Centrale Hypotheek Bank (CHB). Both institutions signed a Letter of Intent on this yesterday. Once this transaction is done, Girobank will be offering mortgages on all the islands of the Neth.Antilles.

By purchasing the biggest mortgage supplier of the Antilles (with a market share of 33 percent), Girobank becomes immediately the biggest player on the market for house mortgages. Girobank wanted to be active in this sector for quite some time already. With a totally controlled capital of more than 1.7 milliard guilders, Girobank becomes at one go the third private bank in Curacao.

The shareholders of the Girobank and of the General Pension-fund of the Neth.Antilles (Apna, the large shareholder in CHB) agreed with the purchase- and sale intention. After the permission of the Bank of the Neth.Antilles, everything must be finished off in the coming months.

Apna is shareholder of CHB as well as the Girobank with respectively 93 and 40 percent of the shares. The majority of the Girobank shares are owned by the Venezuelan Total Holding NV under Victor Gil.

(Source: National Newspaper Amigoe)

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