WILLEMSTAD - During the recent press conference of the government, Minister Zita Jesus-Leito announced that Curaçao and APC Bank are about to sign the purchase agreement for the take over of all PSB Bank shares. APC (Algemeen Pensionfonds, or the General Pension Fund) Bank is not yet operational.
PSB Bank Director Guiveron Weert indicated that he cannot add anything to the announcement at this stage because he is under the confidentiality obligation. APC is also under this obligation.
APC Bank is said to be acquiring 100 percent of the shares from PSB Bank, the former Postal Savings Bank that started in 1905. According to information previously obtained, PSB Bank would have a balance sheet total of approximately 400 million guilders with more than 350 million guilders in savings balances.