Financial sector of Curacao is focused on providing the following financial services:
Banks in Curacao are mainly focused on the following areas:
Central Bank of Curaçao and Sint Maarten
Currently there are 50 credit institutions operating in Curacao.
All the credit institutions operating in Curacao can be classified into several categories. Table 1 summarises the number of banks in each category.
|Category||Number of Banks|
|Branches of Foreign Banks||1|
|Consolidated International Banks||6|
|Local General Banks||5|
|Non-Consolidated International Banks||22|
|Savings and Credit Funds||2|
|Specialized Credit Institutions||4|
|Subsidiaries of Foreign Banks||1|
Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.
From a depositor's point of view it is important to know:
There is no deposit guarantee scheme in Curacao.