WILLEMSTAD – The APC Pension Fund (APC Fonds) has announced additional administrative and operational support for APC Bank as the institution continues its development as one of Curaçao's newest commercial banks.
According to APC Fonds, the support is intended to strengthen the bank's organization, improve internal processes and enhance its position in the local banking market. The pension fund emphasized that customer services will continue uninterrupted and that APC Bank remains financially stable, solvent and sufficiently liquid.
APC Bank is a wholly owned subsidiary of APC Fonds and is currently in what the pension fund describes as a development phase. As part of that process, the bank is working to improve its operational procedures, strengthen internal departments and bring in additional expertise where needed.
The announcement follows recent management changes at the bank. APC Fonds said the restructuring of APC Bank's management took place in consultation with and with the approval of the Central Bank of Curaçao and Sint Maarten (CBCS), ensuring that the transition was carried out in a careful and appropriate manner.
Earlier, Clarity Media reported that APC Bank had dismissed both of its statutory directors, M. Terburg and R. de Lanoy, as well as three staff members identified only by the initials M, S and H.
Following those departures, Michael Hellburg, one of the statutory directors of Centrale Hypotheekbank—another institution owned by APC Fonds—will continue as the sole statutory director of APC Bank.
APC Fonds said it will provide additional operational support, including guidance on internal processes, assistance to various departments and access to additional expertise and capacity where necessary.
According to the pension fund, the goal is to enable APC Bank to continue delivering reliable, efficient and high-quality banking services while operating in accordance with the standards and values established by APC Fonds.
"The objective is to build a strong bank with professional management that serves customers, employees and stakeholders in an excellent manner," APC Fonds said in its statement.
The pension fund added that both APC Fonds and APC Bank share the ambition of building a solid and sustainable financial institution. Efficient processes, a strong operational foundation and the right expertise are considered essential as the bank continues its growth.
APC Bank said it remains committed to providing reliable, accessible and customer-focused banking services while continuing its development into a modern financial institution prepared for the future.
With the additional support from its parent organization, APC Fonds said both institutions will continue working together to further strengthen APC Bank for the benefit of its customers, employees and stakeholders.