WILLEMSTAD, PHILIPSBURG - Following current media reports, the Central Bank of Curaçao and Sint Maarten (CBCS) reports the following.
On July 4, 2018, the emergency regulation was pronounced by the Court of First Instance of Curaçao regarding, among others, ENNIA Caribe Leven NV and ENNIA Caribe Holding NV (ENNIA). The purpose of the emergency regulation is a restructuring of ENNIA in order to restore ENNIA's solvency, partly in the interest of ENNIA's policyholders.
As part of the restructuring of ENNIA, all options that could contribute to the success of the restructuring are being examined. Options under consideration also include the possibility of selling ENNIA's assets, including ENNIA's shares in Banco di Caribe (BdC). BdC is not covered by the emergency regulation; there was – as communicated before – no reason whatsoever for this. BdC is an asset that makes a positive contribution to the Ennia group. Any sale of BdC will generate proceeds that will benefit the restructuring.
In the restructuring, CBCS will at all times focus on the interests of ENNIA's policyholders and, as far as BdC is concerned, BdC's depositors.