Vidanova Bank N.V.

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Vidanova Bank N.V. Logo

Address

Schottegatweg Oost 44, Willemstad, Curacao

BIC

CITCCWCC

Overview

Category

Local General Banks

Business Focus

universal banking

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.

Performance

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.

Services

retail banking
business banking

Products

current accounts
debit cards
prepaid cards
credit cards
savings accounts
time deposit accounts
personal loans
overdraft loans
consumer loans
car loans
mortgage loans

Card Providers

VisaMasterCard

See Also

Ways to Bank

Vidanova Bank N.V. delivers its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking
mobile app mobile app

Financials

Total Assets of Vidanova Bank N.V.
Net_income of Vidanova Bank N.V.
Total Assets (2023)
751.59 mln ANG   (+6.36%)
Net Income (2023)
3.84 mln ANG   (-16.22%)

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.

Deposit Guarantee

Protected Amount
0 ANG
Guarantee Fund
none
Covered Accounts
none
Eligible Depositors
none

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.

See Also

Contacts

addressSchottegatweg Oost 44, Willemstad, Curacao
po box707
phone(599 9) 732 2900
fax(599 9) 732 2905

Vidanova Bank N.V. is headquartered in Willemstad.

Bank Identifiers

BIC (SWIFT)
CITCCWCC
Company Number
27484

Bank Supervision

Supervised By
Central Bank of Curaçao and Sint Maarten

Vidanova Bank N.V. is authorized and supervised by the Central Bank of Curaçao and Sint Maarten.

Bank History

Established On
20 October 1980
Previous Name
SFT Bank N.V.

Business Summary

Services
retail banking
business banking
Products
current accounts
debit cards
prepaid cards
credit cards
savings accounts
time deposit accounts
personal loans
overdraft loans
consumer loans
car loans
mortgage loans
Card Providers
VisaVisa
MasterCardMasterCard

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.

Ways to Bank

Business Channels
branch branch
online banking online banking
mobile app mobile app

Products and services offered by Vidanova Bank N.V. are available at its branches and via its online banking system, mobile application.

Mobile Application: Vidanova Mobile Banking

 5.0, 1 Ratings
Vidanova Mobile Banking
Vidanova Mobile Banking
Vidanova Mobile Banking
Vidanova Mobile Banking
Vidanova Mobile Banking Supported Languages
GBEnglish
ESSpanish

Balance Sheet

Total Assets (2023)
751.59 mln ANG   (+6.36%)

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.

Total Assets of Vidanova Bank N.V..

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).

Income Statement

Net Income (2023)
3.84 mln ANG   (-16.22%)

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.

Net Income of Vidanova Bank N.V..

Chart 2. Net Income of Vidanova Bank N.V..

Market Share and Rank (among banks in Curacao)

Total Assets (2022)
5th

In 2022 Vidanova Bank N.V. was ranked the 5th largest bank in Curacao in terms of total assets.

TheBanks.eu identified several banks banks having the market shares and ranks closest to Vidanova Bank N.V. listed below.

RankNameMarket %Total Assets
2 RBC Royal Bank N.V.3,369.45 mln ANG   (+6.08%)
3 Banco di Caribe N.V.1,647.55 mln ANG   (-3.52%)
4 Orco Bank N.V.1,413.21 mln ANG   (+16.09%)
5 Vidanova Bank N.V.751.59 mln ANG   (+6.36%)

Identifiers of Vidanova Bank N.V.

Discover key identifiers of Vidanova Bank N.V. including its BIC, company number.

BIC (Business Identifier Code)

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.

KeyValue
BIC CITCCWCC
Bank BIC Code CITC
Country Code CW (Curacao)
Location Code CC
Branch Code -

Company Registration Number

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.

KeyValue
Company Number 27484

Banks Similar to Vidanova Bank N.V.

TheBanks.eu identified several banks similar to Vidanova Bank N.V. based on various criteria, including:

  • country of incorporation
  • bank category
  • business focus

Bank Category
Local General Banks
Business Focus
savings and loans

Bank Category
Local General Banks
Business Focus
retail and business banking

Bank Category
Local General Banks
Business Focus
retail and corporate banking

Bank Category
Local General Banks
Business Focus
universal banking

Bank Category
Local General Banks
Business Focus
universal banking

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