WILLEMSTAD - Six years after Girobank was declared bankrupt, eight million guilders in customer deposits remain unclaimed. According to a recent announcement, many account holders have still not withdrawn their savings as the bank’s long-running settlement process continues.
Girobank is urging customers to come forward and collect their funds. The unclaimed money belongs to roughly 500 individuals with balances under 1.2 million guilders, together totaling eight million.
Large Depositors Still Waiting
In addition to the smaller accounts, about 30 clients still have balances exceeding 1.2 million guilders. This group includes pension funds, school boards, and various (semi-)government institutions.
Unlike smaller depositors, these large account holders are not fully guaranteed to recover all their funds.
Dutch Loan Ensures Payout for Small Depositors
To secure payouts for smaller customers, the Dutch government previously provided a 170 million guilder interest-free loan to Curaçao. This measure ensures that all account holders with less than 1.2 million guilders can receive their full balances.
No Full Guarantee for Deposits Above 1.2 Million
Customers with larger balances will only receive additional payments if the sale of Girobank’s remaining assets and loan portfolio generates sufficient proceeds.
A special entity, the Giro Settlement Holding (GSH), has been established to oversee this process and manage the sale of the bank’s residual portfolio.