Summary
Overview
Work History
Education
Skills
Accomplishments
Affiliations
Personal Mission
Board Positions
Call To Action
Timeline
Generic

Chesron D.A. Isidora

Summary

Seasoned banking professional with over 30 years of experience in commercial, corporate, and development banking, business development, and financial analytics. Demonstrated success in leading strategic initiatives, managing complex portfolios, and driving sustainable economic growth principles. Skilled at fostering stakeholder relationships and translating strategic goals into actionable plans. Innovative and strategic thinker with a proven track record in leading teams and driving organizational growth. Possesses in-depth knowledge of business operations and financial management, coupled with exceptional skills in strategic planning and stakeholder engagement. Committed to delivering impactful results that foster long-term success and sustainability.

Overview

32
32
years of professional experience
2
2
years of post-secondary education

Work History

Managing Director

Korpodeko
05.2012 - 12.2024
  • Led the institution re transformation into a key player in SME development, resulting in a vastly improved balance position of the bank, specifically by increasing the banks cash position without any donation or subsidy by the government
  • Designed and implemented strategic initiatives, including the Go-Green Program, with a primary goal to bring about efficiency and Opex reduction with green capital investment on micro economic level
  • Strengthened stakeholder relationships, Korpodeko secured a much-improved professional relations with the government, cooperatives, other financial institutions and semi-private sector (government companies)
  • Between 2017 and 2023 Korpodeko invested more than Ang 4.5 million for entrepreneurs and economic boosting development projects
  • Designed the Korpodeko Incentive Program (KIP), which won the Alide prize among renowned development banks and financial institutions in Latin America, such as FIRAS (Mexico), BNDES (Brazil), BDE (Ecuador) and BANOBRAS (Mexico) which also received awards in other categories
  • The Korpodeko Incentive Program, (KIP), consists of six products and programs that target some of the most pressing issues that most startup entrepreneurs face as we have come to experience through the year
  • Managed risk effectively by instituting comprehensive mitigation strategies across the organization''s operations.
  • Spearheaded development of new product line, significantly expanding company's offerings and customer base.
  • Elevated brand recognition on by executing comprehensive digital marketing campaign.

Senior Manager, Special Assets

Banco di Caribe
01.2007 - 05.2012
  • Established the Special Assets Unit as a new department, achieving Restructured distressed corporate credits across Curaçao, Bonaire, Aruba, and St. Marten, resulting in the most profitable unit for banco Caribe that with the new ownership was going through a transitioning period
  • Designed and Implemented new distressed asset Credit Policy and Risk Management Guidelines, aligning with Central Bank best practices

Head of Corporate Credits

Banco di Caribe
01.2001 - 01.2007
  • Managed and formalized the corporate credit portfolio for Curaçao &, Bonaire, and Aruba, ensuring the growth of the loan portfolio of about 20% and a reduction of more than 10% in non-performing loans during the first 24 months
  • Prepared the business case for the introduction of the bank’s POS system, improving transaction efficiency and much needed client service portfolio expansion
  • Implemented a new Credit Administration Department, enhancing compliance with regulatory standards

Commercial Loan Officer

Vidanova Bank (formerly SFT and CITCO Bank Antilles NV)
09.1992 - 06.2001
  • Analyzed, advised, and monitored commercial clients, reviewing business plans, financial statements, and cash flow presentations
  • Managed a diverse portfolio of commercial loans, consistently achieving annual performance targets.

Education

Master of Business Administration (MBA) - Finance (Strategic Management)

Barry University
Miami, FL
01.1991 - 01.1992

Bachelor of Science (BSc) - Economics and Finance

Barry University
Miami, FL
01.1989 - 01.1990

Skills

Strategic Planning & Execution

Accomplishments

  • Since 1986 Korpodeko has stopped receiving subsidy from the government which is key for the functioning of a non-profit development bank. In 2012 the bank had Ang. 8.5M in cash and in March 2024 more than Ang 50M while they have received any funding from the government.
  • As Vice chair of the board of Alide I was mandated to expand the membership of Alide particularly with English speaking members. During my term I managed to integrate, Caricom Fund, Caribbean Development Bank and Aruba Investment Bank as members. In addition, I initiated the steps to create a Caribbean Development Bank association that would support the integration of the smaller territory Banks that would otherwise would not be able to become a member of Alide and benefit from such an experience.
  • Spearheaded the first ever award-winning Korpodeko Incentive Program (KIP), KIP is program and product based initiative with the purpose to create a sustainable ecosystem for SMEs, minimizing traditional pitfalls, and promoting long-term sustainable business growth. This was the first ever Alide prize for a Caribbean Development Bank as Korpodeko was honored among the development bank Giants such as BNDES, FIRAS i BANOBRA
  • Pioneered green financing in Curacao through the Go-Green Initiative, first ever thru green loans, which led in 2022 for traditional banks financing electric vehicles (EVs) for the first time ever in Curacao. Prior to June 2022 EV was not being financed in Curacao.
  • Developed and implemented the Micro Loan Entrepreneur Program, popularly named “Mikro Fiansa”, with as purpose transforming existing and potential Micro-entrepreneurs eventually into resilient, educated business owners. The Micro loans where the hook for the educational program for Micro entrepreneurs where their grid and dreams were challenged to succeed.
  • Launched the Art as an Economic Agent initiative, leveraging creative industries for economic improvement and self-sufficient artists as entrepreneurs. The ethnicity of local/regional Art is deemed as an exportable good with a distinctive competitive advantage thus the various initiative among other the first ever Art exhibitor restaurant on the island.
  • Set up the first time and headed the Special Assets Unit at Banco di Caribe in 2007 for corporate credits. For the first five years of that this unit, it was the unit with the best return complementing the low income of a bank in transition with new owners.
  • Set up and was head of the first corporate credit division from 2001 to 2007 at Banco di Caribe as mandated to the bank by CBCS (then BNA)

Affiliations

  • Vice-Chairman, Association for Latin American and Caribbean Development Banks (ALIDE), 01/01/18, 12/31/24
  • Increased Caribbean/English-speaking participation in ALIDE by 30%, fostering regional collaboration and development.
  • Alide represented 87 development banks from 22 countries, driving initiatives for sustainable economic growth.
  • Board Member, ALIDE, 01/01/15, 12/31/18
  • National Coordinator, ALIDE, 01/01/12, 12/31/24

Personal Mission

To inspire others in a progressive manner, encouraging innovative ideas and forward thinking, thus generating opportunities for personal and professional growth.

Board Positions

  • Supervisory Board Member, Total Bank NV, 01/01/22, Present
  • Board Member/Treasurer, Fundashon Maneho di Adikshon (Addiction Care), 01/01/08, 12/31/17
  • Supervisory Board Member, United Telecommunications Services (UTS), 01/01/10, 12/31/13
  • Board Member, Jong Holland Soccer Club
  • Board Member, CTEX, 01/01/12, 12/31/13
  • Board Member, UNIQA (UTS Subsidiary in Suriname), 01/01/12, 12/31/13
  • Board Member, Buskabaai, 01/01/11, 12/31/13
  • Founding Member, ROTARACT Curaçao (affiliated with Rotary International)

Call To Action

I am eager to bring my expertise in Economic development, banking and strategic leadership to a forward-thinking organization. Let’s connect to discuss how I can contribute to your team’s success.

Timeline

Managing Director

Korpodeko
05.2012 - 12.2024

Senior Manager, Special Assets

Banco di Caribe
01.2007 - 05.2012

Head of Corporate Credits

Banco di Caribe
01.2001 - 01.2007

Commercial Loan Officer

Vidanova Bank (formerly SFT and CITCO Bank Antilles NV)
09.1992 - 06.2001

Master of Business Administration (MBA) - Finance (Strategic Management)

Barry University
01.1991 - 01.1992

Bachelor of Science (BSc) - Economics and Finance

Barry University
01.1989 - 01.1990
Chesron D.A. Isidora