Flag of Curacao

Economy and Banking Sector of Curacao

Major Banks of Curacao

RankNameTotal Assets
1 Maduro & Curiel's Bank N.V.9,892.37 mln ANG   (+1.73%)
2 RBC Royal Bank N.V.3,369.45 mln ANG   (+6.08%)
3 Banco di Caribe N.V.1,647.55 mln ANG   (-3.52%)
4 Orco Bank N.V.1,413.21 mln ANG   (+16.09%)
5 Vidanova Bank N.V.751.59 mln ANG   (+6.36%)

#1: Maduro & Curiel's Bank N.V.

Established in 1916, Maduro's Bank was the first commercial bank in the Netherlands Antilles. In 1932 Maduro's Bank merged with Curiel's Bank to form Maduro & Curiel's Bank (MCB). Since 1970 MCB has been associated with The Bank of Nova Scotia of Toronto, Canada.Maduro & Curiel's Bank provides personal and commercial banking, private and investment banking products, it's also offers insurance brokerage, underwriting and loss adjustment, corporate management services.

Services
personal banking
business banking
private banking
investment banking
Products
current accounts
debit cards
credit cards
prepaid cards
savings accounts
consumer loans
car loans
mortgage loans

In 2023 total assets of Maduro & Curiel's Bank N.V. were 9 892,37 mln ANG. In 2023 the bank's net income was 210,50 mln ANG.

Although there is no deposit guarantee scheme in Curacao, In February 2020, the Centrale Bank van Curaçao en Sint Maarten (CBCS)submitted a draft national ordinance to the countries of Curaçao and Sint Maarten for a deposit guarantee scheme. Nevertheless, in the event of Maduro & Curiel's Bank N.V. failure its depositors will not receive any compensation or coverage.

#2: RBC Royal Bank N.V.

The Royal Bank of Canada has been present in the Caribbean for more than a century, providing its customers access to an expanded network of international financial services with a broad range of products and geographic reach. RBC Royal Bank N.V. (Curacao) provides retail and business banking products and services to domestic customers.

Services
retail banking
business banking
cash management
merchant services
Products
current accounts
savings accounts
prepaid cards
credit cards
consumer loans
mortgage loans
business accounts
business loans
working capital loans

RBC Royal Bank N.V. is the 2nd largest bank in Curacao in terms of total assets. In 2022 its total assets were 3 369,45 mln ANG. In 2022 the bank's net income was 65,66 mln ANG.

Although there is no deposit guarantee scheme in Curacao, In February 2020, the Centrale Bank van Curaçao en Sint Maarten (CBCS)submitted a draft national ordinance to the countries of Curaçao and Sint Maarten for a deposit guarantee scheme. Nevertheless, in the event of RBC Royal Bank N.V. failure its depositors will not receive any compensation or coverage.

#3: Banco di Caribe N.V.

Founded in 1972 Banco di Caribe has been providing financial services to local community for more than 40 years. Banco di Caribe offers a wide variety retail and business banking products as well as VIP banking services. Banco di Caribe deliverd tailor made products to fulfill customers' specific banking needs.

Services
retail banking
business banking
VIP banking
insurance
Clients
local residents
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
investment funds

In 2023 total assets of Banco di Caribe N.V. were 1 647,55 mln ANG. In 2023 the bank's net income was 3,89 mln ANG.

Although there is no deposit guarantee scheme in Curacao, In February 2020, the Centrale Bank van Curaçao en Sint Maarten (CBCS)submitted a draft national ordinance to the countries of Curaçao and Sint Maarten for a deposit guarantee scheme. Nevertheless, in the event of Banco di Caribe N.V. failure its depositors will not receive any compensation or coverage.

#4: Orco Bank N.V.

Orco Bank was established in 1986 and was initially focused on offshore activities, bond trading and investment banking. Now Orco Bank operates as a universal bank, offering a complete personal and commercial banking suite of products and services. Orco Bank aims on delivering personalized service and enhanced customer experience and on ensuring high compliance standards.

Services
retail banking
business banking
Products
current accounts
savings accounts
time deposit accounts
debit cards
credit cards
personal loans
car loans
mortgage loans
overdraft loans

In 2023 total assets of Orco Bank N.V. were 1 413,21 mln ANG. In 2023 the bank's net income was 10,77 mln ANG.

Although there is no deposit guarantee scheme in Curacao, In February 2020, the Centrale Bank van Curaçao en Sint Maarten (CBCS)submitted a draft national ordinance to the countries of Curaçao and Sint Maarten for a deposit guarantee scheme. Nevertheless, in the event of Orco Bank N.V. failure its depositors will not receive any compensation or coverage.

#5: Vidanova Bank N.V.

Vidanova Bank N.V. was originally founded in 1980 as Curaçao Banking Corporation and was lately known as SFT Bank N.V. In 2016 Vidanova Pension Fund acquired the majority of the shares of SFT Bank and the bank name was changed to Vidanova Bank. Vidanova Bank operates as a universal bank, offering a broad range of retail and corporate banking products and services to domestic customers.

Services
retail banking
business banking
Products
current accounts
debit cards
prepaid cards
credit cards
savings accounts
time deposit accounts
personal loans
overdraft loans
consumer loans
car loans
mortgage loans

In 2023 total assets of Vidanova Bank N.V. were 751,59 mln ANG. In 2023 the bank's net income was 3,84 mln ANG.

Although there is no deposit guarantee scheme in Curacao, In February 2020, the Centrale Bank van Curaçao en Sint Maarten (CBCS)submitted a draft national ordinance to the countries of Curaçao and Sint Maarten for a deposit guarantee scheme. Nevertheless, in the event of Vidanova Bank N.V. failure its depositors will not receive any compensation or coverage.

See Also

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