WILLEMSTAD/PHILIPSBURG:--- Clients using Vidanova Bank on Curacao will have some hiccups during the first week of February 2020 as Deutsche Bank has cut all working relations with Curacao (derisking).
A letter sent to clients of Vidanova bank informing them that due to the derisking Vidanova is currently out of a correspondent bank, therefore, clients of the said bank are unable to make transfers in US currency until February 8th, 2020 when Vidanova seals an agreement with an alternative correspondent bank.
Vidanova in its letter dated January 30th, 2020 informed its clients that Vidanova has good financial soundness. The letters state that Vidanova has over NAF 80 million in equity while the Vidanova pension fund has over NAF 900 million in assets, thus far 2018 and 2019 have been good years for Vidanova while they expect more growth and continued profitability in 2020.
