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100 million repaid from Giro loan

Local | By Correspondent October 20, 2023

WILLEMSTAD - Gi-Ro Settlement Holding has exceeded all expectations with their recent achievements. In a notably brief period, they have repaid a considerably larger amount than initially projected for the Girobank loan. As of now, 100 million out of the 170 million has been successfully repaid. The loan, which was initiated through a mutual agreement between Curaçao and the Netherlands, aimed to facilitate the resolution of the distressed bank. The initial assumption was that a mere 11.3 million would be directed annually toward the repayment of this loan. 

Gi-Ro Settlement Holding efficiently manages the complex loan portfolio of Girobank. Rather than resorting to aggressive debt collection measures, the management adopts a collaborative approach, working closely with clients to identify and implement mutually beneficial solutions. This strategy has clearly proven to be exceptionally effective, surpassing all expectations. 

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