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Economy and Banking Sector of Curacao

Financial Services

Financial sector of Curacao is focused on providing the following financial services:

  • wealth management
  • cross-border investments
  • fund management

Banking Focus

Banks in Curacao are mainly focused on the following areas:

  • savings and loans
  • international banking
  • retail and corporate banking

Banking Supervision

Central Bank of Curacao and Sint Maartin

Central Bank of Curaçao and Sint Maarten

Banking Sector Structure

Number of Banks

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.

CategoryNumber of Banks
Branches of Foreign Banks1
Central banks1
Consolidated International Banks6
Credit Unions7
Local General Banks5
Non-Consolidated International Banks22
Savings and Credit Funds2
Savings Banks1
Specialized Credit Institutions4
Subsidiaries of Foreign Banks1

Table 1. Number of banks by category in Curacao.

Deposit Guarantee Scheme

Maximum Protected Amount

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:

  • if the depositor is eligible within the terms of the deposit guarantee scheme;
  • if the depositor's bank is a participant in the deposit guarantee scheme;
  • if the depositor's type of deposit is covered by the deposit guarantee scheme.

There is no deposit guarantee scheme in Curacao.