The Central Bank of Sint Maarten and Curacao published its 2025 Financial Stability Report, concluding that the monetary union’s financial sector remained solid despite geopolitical conflict, global trade and financial-market volatility, and rising cybercrime. The report also flags headwinds from continued global uncertainty and slower tourism growth. The Financial Stability Report covers 47 local financial institutions, including banks, insurance institutions and pension funds, managing around Cg 28 billion in assets, which the Central Bank notes is more than three times the union’s GDP. Banks recorded a positive 2024 with improved capital, liquidity and asset quality, although credit risk requires ongoing monitoring. Life insurers and pension funds also performed well on strong investment results, while facing risks from market volatility, rising longevity and higher reinsurance costs. The report sets out exposures, stress scenarios and key risks, and is available on the Central Bank’s website.
Central Bank of Sint Maarten & Curacao 2025-05-12
Central Bank of Sint Maarten and Curacao publishes 2025 Financial Stability Report highlighting resilience of 47 institutions with about Cg 28 billion in assets
The Central Bank of Sint Maarten and Curacao's 2025 Financial Stability Report confirms the financial sector's resilience despite geopolitical conflicts and market volatility. It highlights strong performance across banks, insurers, and pension funds, noting ongoing credit risk and challenges from market volatility and rising costs. It includes stress scenarios and risk assessments for 47 local financial institutions managing assets over three times the union's GDP.