Tag archive for ‘Central Bank Curacao & St. Maarten (CBCS)’
Jose Jardim
By The Publisher On Tuesday, March 24th, 2020
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St. Maarten needs massive financial support

Central Bank interim-President Jardim sounds the alarm: St. Maarten needs humongous financial support PHILIPSBURG – St. Maarten’s government needs between 86 and 104 million guilders ($48 to $58.1 million) More...

CBCS Central Bank Head Offce in St. Maarten
By The Publisher On Monday, February 10th, 2020
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Plan for deposit guarantee regulation: too little, too late

PHILIPSBURG – The Central Bank of Curacao and Sint Maarten (CBCS) has presented the governments of both countries with a draft national ordinance aimed to establish a deposit guarantee regulation. Such a measure More...

CBCS Central Bank Head Offce in St. Maarten
By The Publisher On Friday, January 31st, 2020
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Lion’s share of Central Bank profits stays in Curacao

PHILIPSBURG – The Central Bank of Curacao and St. Maarten is doing well but most of the profits from its healthy bottom line stay in Curacao. Between 2011 and 2018 - the last year of which audited data are available More...

Ettienne Ys- President Commisaris Girobank
By The Publisher On Saturday, January 11th, 2020
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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 Central Bank Head Offce in St. Maarten
By The Publisher On Sunday, November 24th, 2019
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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...

Banco del Orinoco N.V.
By Online Editor On Friday, October 4th, 2019
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Court of First Instance of Curaçao declared BDO bankrupt

Willemstad – This morning the Court of First Instance of Curaçao declared Banco del Orinoco N.V. (BDO) bankrupt. Due to BDO’s severe dysfunctionality, the CBCS proceeded to revoke BDO’s banking license on More...

CBCS Central Bank Head Offce in St. Maarten
By The Publisher On Tuesday, September 24th, 2019
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New bond issues for Country Sint Maarten

WILLEMSTAD/PHILIPSBURG — The Central Bank of Curaçao en Sint Maarten (CBCS) announces new bond issues on behalf of the Government of the Country of Sint Maarten. On Friday, October 18, 2019, there will be More...

Banco del Orinoco N.V.
By The Publisher On Saturday, September 7th, 2019
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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...

CBCS SXM Headoffice
By The Publisher On Wednesday, August 28th, 2019
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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 Central Bank Head Offce in St. Maarten
By The Publisher On Wednesday, August 28th, 2019
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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...