The VCBBank is a financial institution focused on providing banking services. We offer both private and business services.
Clients can rely on us for financial products with regard to payments, savings, loans, mortgages, insurances and investments. As a bank, we constantly put the interests and demands of our clients foremost. With our knowhow and expertise, we are able to meet the needs of a wide client group consisting of private persons, families, small businesses, large enterprises and institutions. We put our clients at the center of all that we do.
The Surinaamse Volkscredietbank opened its doors to the public in 1949. But history goes back to 1932. On 27 August of that year, a commission was appointed to study whether it was desirable to create a legal regulation for a lender company in Suriname. The condition of the States was that no legal money shooter could be created without a new credit opportunity being created. In order to meet these requirements, two important studies were used and the final conclusions of these documents served as the basis for the founding act of the Surinaamse Volkscredietbank.
This deed was published on 18 October 1948 before notary Drielsma and published in the G.A.B. of October 22, 1948 no. 93. On January 3, 1949, the Volscredietbank opened its doors to the public. The bank started its business with the discounting of small promissory notes and the pawnshop credit. The credit methods have changed somewhat over the years, while the credit conditions are still being applied and tightened, depending on the time and prevailing circumstances.
Over the years, the bank successively expanded its working area from Paramaribo and surroundings, to the districts as a result of economic activity. For example, there is a branch in the Nickerie district that was created by the popular credit department of the Surinaamsche Bank N.V.
The popular credit system in Nickerie was financed by the Surinaamsche Bank N.V. and led by loaned personnel from the VCB in Paramaribo. This cooperation between the two banks was laid down in the National Ordinance of December 17, 1952, started in 1953 and would end as soon as the Surinaamsche Bank N.V. would cease to be a circulation bank. That moment fell on April 1, 1957, when the Central Bank of Suriname was founded. On 05 April 1958 the VCB opened its doors to the public in Nickerie.
In 1975 they started with banking activities in Lelydorp. As the bank did not yet have its own office space, a part of the Samoedj shop was rented. The construction of a private office started in 1975 and the official opening was in 1977. In April 1982 the construction work started for the office in Latour. The official opening took place on January 31, 1983. Then followed the openings of the offices in Groningen, Saramacca on 1 February 1986 and Para op.
In December 2014, the acquisition of Landbouwbank N.V. took place under the watchful eye and supervision of the State of Suriname (as a shareholder of both banks). With this acquisition, VCBBank has expanded its distribution network and now has 10 offices in 7 different districts. The VCBBank thus brings its services even closer to society; after all, we are a bank for everyone. We offer tailor-made financial services and we strive to be your financial service provider eminently.
As in art. 2 of the Articles of Association of the VCB, the bank has, among other things, the task of operating a “bank of loan” and the function of a Pawnshop. In 1948, several pawnshops were active, of which the Simons pawnhouse was one of the largest. With the owner of this pawnshop it was agreed that with the operation, this pawnshop would be liquidated and that the VCBBank would take over the activities. The staff of Simons pawn house joined the VCBBank. Nowadays it has been abundantly proven that this form of short-term small loans, usually emergency or bridging loans, meets a great need of society.