To add value is the essence of who we are as an organization. It is at the core of every decision we make and every action we take.
Our Purpose
To be a positive contributor to the journey of our employees and our customers in order to add value to their lives.
Our Values
PSB’s core values are integrity, eagerness to serve, accountability, inclusion, creativity, and collaboration. These values represent how we go to work.
IntegrityWe adhere to the highest ethical and professional standards.
Eagerness to serveWe do the extra mile to meet or exceed the expectations of our internal and external customers.
AccountabilityWe accept responsibility and meet commitments.
InclusionWe foster inclusion and let everybody feel at home.
CreativityWe think out of the box, come up with new ideas, and solve problems of our internal and external customers.
CollaborationWe are a family that collaborates across departments and engage with stakeholders to add value to our clients, colleagues and stakeholders.
History
Curaçaose Postspaarbank, the predecessor of PSB Bank, began operations on April 1, 1905. Before this, residents of the Dutch Caribbean islands did not have many avenues via which to save or invest. Although Curaçao already had a bank, the then governor believed that a post savings bank would be of great help to people from low-income backgrounds. In the first week, 236 savings books were opened with an interest rate of 2.64%. Mrs. E.M. de Jong van Beek en Donk-Stern, the wife of the governor of ‘Colony Curaçao’, made the first deposit. It was made on the savings book of the ladies’ association, Eendracht maakt macht.
Construction of oil refineries in Curaçao and Aruba in the early 20th century resulted in the employment of locals and attracted many foreign workers to these islands. Postspaarbank achieved significant growth as a result of this development. Before the war, there were about 9,000 clients with total savings of ANG 1,500,000.00. From 1945 to 1954, the number of savings books increased to 15,000, with total savings amounting to ANG 7,000,000.00.
In 1952 Curaçaosche Postspaarbank was renamed Postspaarbank van de Nederlandse Antillen. Postspaarbank van de Nederlandse Antillen experienced steady growth throughout the years and in 2009 was renamed PSB Bank N.V..
APC Bank, which is fully owned by APC Pension Fund, acquired all the shares of PSB Bank in 2020 and capitalized the bank. With this capitalization, PSB Bank is stronger than ever. As per 2022, PSB Bank has a total asset of about ANG 370 million and a capital of approximately ANG 53 million. Our strong liquidity and solvency position makes us a financially solid institution. As a result, we are able to add value to our customers by providing sound financial advice and competitive financial solutions, resulting in meaningful gains for our stakeholders and the communities we serve.
