The Central Bank of Curaçao and Sint Maarten ( CBCS ) announces that the Court of First Instance of Curaçao , by order of December 16, 2013 , in accordance with Article 28 of the National Ordinance on Supervision of Banking and Credit System 1994 ( OJ 1994 , No. 4 ) , has expressed the emergency regulation regarding the Giro Bank NV to protect all depositors and creditors of Giro Bank is the emergency regulations requested . The application has been made especially for developments have led to the solvency of Giro Bank has come to be under great pressure. Setting the emergency regulation implies that CBCS under Article 30, paragraph 1 of aforementioned national ordinance on the same date all the powers of the directors and auditors of the institution exercises .
CBCS want to emphasize that the setting of the emergency regulations the performance of Giro Bank will continue normally however, the setting of the emergency regulations give the ability to implement so Giro Bank again soon meets internal measures all legal requirements and rules on a bench apply.
CENTRAL BANK OF CURACAO AND SINT MAARTEN
Willemstad , December 16, 2013