Finance Minister Irion meets with Central Bank board

Finance Minister Irion wih CBCS management board

PHILIPSBURG — During the course of this week Minister of Finance, the honorable Ardwell Irion, met with member of the supervisory board of the Central Bank of Curacao and St. Maarten (CBCS) Dennis Richardson and with the board of the CBCS. During these meetings, an update was provided on the latest developments with the emphasis on the solvency More...

by The Publisher | Published 8 hours ago
Parliament Building 20180704 TR
By The Publisher On Sunday, January 19th, 2020

Bank Fees should be justified and approved by Parliament

The Sint Maarten Insurance Brokers Association is calling on the 15 newly elected members of parliament to go to work soonest and focus on some key issues relating to the financial sector. Besides our own experiences, More...

CBCS SXM building name
By The Publisher On Friday, January 17th, 2020

The downside of the monetary union

By Hilbert Haar The St. Maarten Hospitality and Trade Association (SHTA) rightly sounded the alarm about Curacao’s intention to increase the foreign exchange license fee, warning that this could lead to a devaluation More...

Ettienne Ys- President Commisaris Girobank
By The Publisher On Saturday, January 11th, 2020

CBCS cannot resolve Girobank debacle without assistance from the Netherlands

PHILIPSBURG/WILLEMSTAD -- More than 27,000 affected account holders at the insolvent Girobank NV in Curaçao can only look forward to payment of any remaining balances if the Netherlands comes to the rescue. This More...

CBCS SXM Headquarters
By The Publisher On Wednesday, December 18th, 2019

Government-owned banks under pressure

PHILIPSBURG/WILLEMSTAD — Following the recent bank run on the partly government-owned Girobank in Curaçao, some of the clients of the fully government-owned PSB bank also withdrew their deposits. Management More...

CBCS Central Bank Head Offce in St. Maarten
By The Publisher On Wednesday, December 11th, 2019

Central Bank spends millions on effort to rescue ENNIA

PHILIPSBURG/WILLEMSTAD – The court in Curacao has increased the advance payment to the Central Bank for expenditures related to the restructuring of insurance company Ennia to 15 million guilders, the Antilliaans More...

Money US Dollars
By The Publisher On Saturday, November 30th, 2019

“Public statement is a blemish on the whole Kingdom”

PHILIPSBURG – The Caribbean Financial Action Task Force (CFATF) issued a public statement against St. Maarten during its fiftieth plenary meeting in Antigua last week. This is due to the country’s failure to More...

CBCS Central Bank Head Offce in St. Maarten
By The Publisher On Sunday, November 24th, 2019

Central Bank counters complaints by Ennia’s supervisory board

PHILIPSBURG – The Central Bank of Curacao and St. Maarten (CBCS) is not happy with a letter Faroe Metry, president of the supervisory board of insurance company Ennia’s operating units, wrote. The Central Bank More...

Male staff members at CIBC FirstCaribbean Philipsburg Branch receiving gifts of appreciation for their positive contributions.
By Online Editor On Saturday, November 23rd, 2019

A Salute To Men – International Men’s Day Observed At CIBC FirstCaribbean

St. Maarten, Philipsburg, November 21, 2019 – CIBC FirstCaribbean St. Maarten saluted their male staff as the bank observed International Men’s Day (IMD) recently. Under this year’s theme, “Men Leading More...

Ignacia Florence William-Bachellor SXM - Bank
By Online Editor On Tuesday, November 12th, 2019

Republic Bank Introduces Country Manager For Sint Maarten

Philipsburg, November 11, 2019: Republic Bank (EC) Limited has introduced Mrs. Ignacia Florencia William-Bachellor as its Country Manager for banking operations here in St. Maarten. Mrs. William-Bachellor began More...