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Resignation of Oswin Eleonora as Managing Director of APC Bank.

Willemstad:--- APC Bank and Mr. Eleonora have decided to terminate their cooperation by mutual agreement, as a result of which Mr. Eleonora will step down as managing director of APC Bank and as supervisory director of PSB Bank, a subsidiary of APC Bank, as of August 9, 2021.

Mr. Eleonora joined APC Bank as managing director at the end of January 2021, after first serving as Chairman of the Supervisory Board when APC Bank was established in April 2020. During this period, Mr. Eleonora has been involved in establishing APC Bank in the challenging times of digitalization, strict regulations, and risk management that the financial sector is currently experiencing. APC Bank and its stakeholders will continue working tirelessly on creating a robust bank of the future. The processes and set-up require more time, to ensure a solid bank that our customers can count on.

APC Bank would like to thank Mr. Eleonora for his dedication and commitment and wishes him every success in his future endeavors.

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