ORANJESTAD - The Central Bank of Aruba (CBA) has granted approval for the acquisition of Banco di Caribe Aruba by Aruba Investment Bank (AIB), following months of thorough investigation.
The process was described as highly complex, largely due to the involvement of the bankrupt Ansary Group and the issues surrounding ENNIA in Curaçao.
The transaction, valued at 81 million florins, marks a significant transition as Banco di Caribe becomes a fully Aruban-owned bank. The Banco di Caribe name will be retired, with its operations integrated into AIB’s commercial activities. This move is expected to strengthen the local banking sector and enhance financial services in Aruba.
The acquisition is seen as a pivotal development in bolstering the stability and growth of Aruba’s financial infrastructure.