Republic Bank close to taking over Scotiabank
Port of Spain, Trinidad – Republic Financial Holdings Limited (RFHL) is now one step closer to expanding its reach within the Caribbean region. The Eastern Caribbean Central Bank (ECCB) has approved the application for the transfer of the assets and liabilities of the Bank of Nova Scotia (BNS) to RFHL in Anguilla, the Commonwealth of Dominica, Grenada, More...
Chaos at Banco del Orinoco
~ Central Bank CBCS intervenes with the application of the emergency regulation ~ WILLEMSTAD/PHILIPSBURG — Banco Del Orinoco N.V., established in Curaçao since 1987 as as international bank of Venezuelan More...
Emergency measure for Banco del Orinoco N.V. imposed at the request of the CBCS – UPDATE
WILLEMSTAD, PHILIPSBURG — The Centrale Bank van Curaçao en Sint Maarten (CBCS) was forced, in view of deficiencies at Banco del Orinoco N.V., to petition the Court of First Instance of Curaçao to adopt More...
Change in bond issue on behalf of the Government of the Country of Sint Maarten
Willemstad/Philipsburg – The Centrale Bank van Curaçao en Sint Maarten (CBCS) acts as Agent on behalf of the government of the Country of Sint Maarten to issue the following government bond: Bond of Sint More...
CBCS Annual Report review: Decline in official reserves (Part 3)
Sound policy response needed WILLEMSTAD/PHILIPSBURG – “The deepening current account deficit of the balance of payments of the monetary union and gradual slippage in the gross official reserves require a sound More...
CBCS Annual Report review: Curaçao and Sint Maarten economies contract (Part 2)
Circumstances challenging in 2018 WILLEMSTAD/PHILIPSBURG – “The economic circumstances in the monetary union remained challenging in 2018 with both Curaçao and Sint Maarten recording a contraction,” Centrale More...
CBCS Annual Report review: Central Bank on balanced budget rule (Part 1)
Consolidation is crucial at a calibrated pace WILLEMSTAD/PHILIPSBURG – Acting president of the Centrale Bank van Curaçao en Sint Maarten Bob Traa stated in the Bank’s 2018 Annual Report that one of the challenges More...
CBCS Traa during VBC luncheon: Supply side of the economy requires more attention
WILLEMSTAD — During a luncheon of the Curaçao Business Association (“Vereniging Bedrijfsleven Curaçao”), Mr. Bob Traa, acting president of the Centrale Bank van Curaçao en Sint Maarten (CBCS), sparked More...
Bob Traa appointed Central Bank president
WILLEMSTAD/PHILIPSBURG — Effective June 13, 2019, Bob Traa has been temporarily appointed by the Supervisory Board (SB) of the Central Bank of Curaçao and St. Maarten (CBCS) as President of the CBCS in anticipation More...
Public Service Announcement CBCS
Public Service Announcement provided by the Central Bank of Curacao & St. Maarten. If you have renovated or purchased big-ticket items for your home, then you need to get an appraisal and adjust your insurance More...
