WILLEMSTAD - IBanc, National Investment Bank (NA) nv, will close its doors after thirty years. The banking institution has requested the Central Bank of Curaçao and St. Maarten (CBCS) to withdraw the banking license on its own initiative and in consultation with the Central Bank.

The name NIB will be retained, given its good reputation. A "new NIB" continues to advise consortium loans and thus remains a niche within Banco di Caribe, which is 100 percent parent company of NIBanc.

NIBanc is part of Parman International, the American private equity group of billionaire Hushang Ansary, which also owns insurance company ENNIA and Banco di Caribe in the Caribbean part of the Kingdom.

NIBanc started thirty years ago, on March 30, 1990, as part of the Dutch investment bank NIB Capital. For eighteen years, this bank took the lead in mostly large-scale investments in more than fifty transactions with a total value of over 1.5 billion dollars (2.7 billion guilders).