Banking with NIBanc comes to an end

Banco di Caribe - Simpson Bay head office - 2020062301 JH

PHILIPSBURG – The owner of NIBanc, Hushang Ansary, has requested the Central Bank of Curaçao and St. Maarten to withdraw the banking license. After thirty years, the curtain falls on the investment bank that is a subsidiary of Banco di Caribe. With his private equity firm Parman International, 93-year-old American Hushang Ansary owns ENNIA, More...

by The Publisher | Published 3 weeks ago
GEBE Power plant Cay Bay
By The Publisher On Sunday, June 21st, 2020
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Heyliger-Marten: “Local lenders must show confidence in local businesses”

PHILIPSBURG — At a time when local and global economies are facing economic hardship and the US stock market is showing instability, Faction Leader for the United People’s Party in Parliament, the honourable More...

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By The Publisher On Saturday, June 20th, 2020
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CBCS provides information about salary bank president

WILLEMSTAD/PHILIPSBURG — Although it is very unusual for individual salary information to be discussed in public, the Supervisory Board of the Central Bank of Curaçao and Sint Maarten (CBCS) has decided More...

WIB bank Philipsburg main branch - 20200220 JH
By The Publisher On Friday, June 5th, 2020
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WIB takes corporate citizenship seriously

PHILIPSBURG – The Windward Islands Bank (WIB) has shown with two actions that it takes its corporate citizenship seriously. The bank donated 110,000 guilders (close to $61,500) to the Rotary Club of Sint Maarten More...

CBCS Central Bank Head Offce in St. Maarten
By The Publisher On Wednesday, June 3rd, 2020
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Central Bank allows moratorium on all loans

PHILIPSBURG — The Central Bank of Curacao and Sint Maarten already took steps to counter the effects of the corona-virus crisis in March. At least one of these measures seems to be at odds with statements More...

Lines at MoneyGram - 2020051901
By The Publisher On Friday, May 29th, 2020
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MP Buncamper questions money transfers

PHILIPSBURG – Parliamentarian Claudius Buncamper has asked Finance Minister Ardwell Irion in a letter dated May 27 whether measures will be taken “to slow down or stop the flight of foreign currency.” MP More...

Bank Credit Card swipe
By The Publisher On Wednesday, May 27th, 2020
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Prosecution settles with accountants in card-swipe fraud

WILLEMSTAD – KPMG Meijburg & Co Caribbean has accepted a settlement of 140,000 guilders ($78,212) from the Public Prosecutor’s Office to prevent criminal prosecution. A manager of the company pays 65,000 More...

CBCS Central Bank in St. Maarten - 2020040501 JH
By The Publisher On Tuesday, May 26th, 2020
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Central Bank postponed 40-million bond issue

PHILIPSBURG – The Ministry of Finance has sent a reminder to the Netherlands about a 40 million-guilders loan financial supervisor Cft approved in August of last year. While the Netherlands has a “current subscription” More...

Central Bank of Curacao & St. Maarten CBCS
By The Publisher On Saturday, May 16th, 2020
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Time to split up the monetary union of Curacao & St. Maarten?

~ Is it a good time now to take up the 2013 SER advice to split up the monetary union between Curacao and St. Maarten? ~ By Hilbert Haar The conditions the Kingdom wants to impose on Curacao for more liquidity More...

De Nederlandse Bank DNB
By The Publisher On Saturday, May 16th, 2020
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Dutch national bank to become watchdog of CBCS

PHILIPSBURG – The government of Curacao and the Central Bank (CBCS) will have to provide the Dutch National Bank (DNB) with a broad insight into the situation in the financial sector and into potential losses, More...