members round-up
Paramaribo, Suriname
Tel: (597) 472266 Fax: (597) 422672
E-Mail: [email protected]; Website: www.finabanknv.com
Finabank N.V is an Independent Bank operating in Suriname since 1991. The Bank has (3) branches (4th opening in
November 2015) and (12) cash-dispensing machines. Finabank ranks among the four largest Banks in Suriname
and has a staff compliment of (110) employees. Finabank
is 100% privately owned. The board members are private
individuals representing the civic and business community. The bank focuses on two major business lines: Retail
and Business Banking. The bank’s historical core market
is the consumer market, offering retail banking services
such as international Visa credit cards, savings and current accounts, personal checking accounts, consumer loans, home mortgage loans, overdraft and internet
banking services.
In recent years, the bank has been focusing more intensively on the business market, aiming mainly at the small
and medium sized companies as these are generally considered as being the backbone of Suriname’s economy.
Finabank combines personal service and professional expertise. While the bank aims to exploit its reputation as a “relationship” bank (i.e. close to its customer
base), it faces strong competition from other domestic
institutions. FinaBank’s client base consists of personal and business customers who value a bank that puts
sustainable partnership and tailor made solutions first, to
ensure their financial needs are met. Finabank is committed to delivering responsible but innovative banking
that is grounded in customer and shareholder value. The
bank’s strategy is aimed at building its market position
while preserving its business values, its corporate social
responsibility, and its transparency. Finabank strives to
keep up with the pace of the current progress by continuously educating management and employees. The
bank is regulated by the Central Bank of Suriname. The
audited assets totaled approximately US$185 million as
at June 2015.
Cooperatieve Spaar-en Kredietbank Godo G.A
business in the form of the credit union appeared to be
somewhat limited in terms of the scope of the business.
A campaign was held for the name of the credit union
and the choice was Godo, which means honeycomb and
with the busy bees working together on the development
of their environment.
Godo soon grew strongly in membership and professionalism. Alongside Godo’s growth in membership was
the demand for more services. This led its management
structure to pursue a transformation process that would
see Godo transformed from a Credit Union into a full
fledged Cooperative Bank. This important milestone was
achieved in 2009. The management structure of the bank
deemed this graduation to be meaningful in terms of the
Bank’s operations, given that Godo can now participate
in the full offering of financial services delivery including
,money transfers, checking accounts and so on. Even
more important, is the fact that the Bank is well placed
to source larger amounts of financial resources on favorable terms for its members.
Despite these positive developments, the Bank’s basic
values have remained the same thereby continuing to
embrace the principle of “people helping people”. Membership grew by 11.4% by December 31, 2009. The primary
goal of Cooperatieve Spaar-en Kredietbank Godo is to
look after the interest of its members by:
• Granting loans and credits through current account to
its members
• Attracting money, especially savings
• Conducting all other activities of the bank
Godo has been working together with other local banks
such as De Surinaamsche Bank N.V, Hakrinbank N.V
and Surichange Bank N.V and is working towards establishing relationships with international organisations and
other financial institutions. Audited assets as at December 31, 2009 were US45, 201million.
Handels-Krediet-en Industriebank N.V.
(Hakrinbank NV)
Chief Executive Officer: Mr. Herman Vijzelman
Keizerstraat 139-143, PO Box 2674, Paramaribo, Suriname
Tel: (597) 421546
Fax: (597) 411609
E-Mail: [email protected]
Website: www.godo.sr
Chief Executive Officer: Mr. Jimmy D. Bousaid
Dr. Sophie Redmondstraat 11-13
PO Box 1813, Paramaribo, Suriname
Tel: (597) 477722
Fax: (597) 479088
E-Mail: [email protected]
Website: www.hakrinbank.com
Carlho Wijdh founded the savings and credit union on
10 December, 1971. The business started with 43 members but with three years, the founder realised that the
Hakrinbank is a commercial bank established in 1936.
The mission statement of the bank is to be ‘A dynamic,
innovative bank that provides its clients with a compre-
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