Vidanova Bank N.V. was originally founded in 1980 as Curaçao Banking Corporation and was lately known as SFT Bank N.V. In 2016 Vidanova Pension Fund acquired the majority of the shares of SFT Bank and the bank name was changed to Vidanova Bank. Vidanova Bank operates as a universal bank, offering a broad range of retail and corporate banking products and services to domestic customers.
In 2022, Vidanova Bank N.V. achieved the position of 5th largest bank in Curacao; its total assets dropped by 0.40%.
Additionally, the bank became the 3rd profitable bank in relation to its total assets showcasing 0.65% return on assets in 2022.
Also the lender held the 1st position regarging its loans-to-deposits (L/D) registering 82.27% L/D ratio in 2022.
In 2023 total assets of Vidanova Bank N.V. were 751.59 mln ANG. In 2023 the bank's net income was 3.84 mln ANG.
Although there is no deposit guarantee scheme in Curacao, In February 2020, the Centrale Bank van Curaçao en Sint Maarten (CBCS)submitted a draft national ordinance to the countries of Curaçao and Sint Maarten for a deposit guarantee scheme. Nevertheless, in the event of Vidanova Bank N.V. failure its depositors will not receive any compensation or coverage.
Vidanova Bank N.V. is headquartered in Willemstad.
Vidanova Bank N.V. is authorized and supervised by the Central Bank of Curaçao and Sint Maarten.
Vidanova Bank N.V. provides products and services in the areas of retail banking, business banking. Vidanova Bank N.V. offers a range of products including current accounts, debit cards, prepaid cards, credit cards, savings accounts, time deposit accounts, personal loans, overdraft loans, consumer loans, car loans, mortgage loans.
Products and services offered by Vidanova Bank N.V. are available at its branches and via its online banking system, mobile application.
In 2023 total assets of Vidanova Bank N.V. were 751.59 mln ANG. Growth compared to the previous period (2022) was 6.36%. The evolution of the total assets of Vidanova Bank N.V. is shown at Chart 1 below.
Chart 1. Total Assets of Vidanova Bank N.V..
Recent changes in total assets of Vidanova Bank N.V. and its main components are shown in Table 1.
2022 | 2023 | change (%) | |
---|---|---|---|
Loans to customers | 498.2 | 521.0 | +4.58% |
Total Assets | 706.7 | 751.6 | +6.36% |
Table 1. Recent changes in total assets of Vidanova Bank N.V. (mln ANG).
Recent changes in total liabilities of Vidanova Bank N.V. and its main components are shown in Table 2.
2022 | 2023 | change (%) | |
---|---|---|---|
Customer deposits | 605.6 | 645.2 | +6.55% |
Total Liabilities | 706.7 | 751.6 | +6.36% |
Table 2. Recent changes in total liabilities of Vidanova Bank N.V. (mln ANG).
In 2023 net income of Vidanova Bank N.V. was 3.84 mln ANG. Decline compared to the previous period (2022) was -16.22%. The evolution of the net income of Vidanova Bank N.V. is shown at Chart 2 below.
Chart 2. Net Income of Vidanova Bank N.V..
Discover key identifiers of Vidanova Bank N.V. including its BIC, company number.
BIC: CITCCWCC
The BIC (also known as SWIFT code) for Vidanova Bank N.V. is CITCCWCC. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
Key | Value |
---|---|
BIC | CITCCWCC |
Bank BIC Code | CITC |
Country Code | CW (Curacao) |
Location Code | CC |
Branch Code | - |
Company Registration Number: 27484
Vidanova Bank N.V. is registered in Curacao under company number 27484. Company Registration Number is a distinctive code issued upon registration of a new company. Company number can be used to find data about the company in a national company register.
Key | Value |
---|---|
Company Number | 27484 |
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