The Central Bank of Curaçao and Sint Maarten (CBCS) released its 2024 Annual Report, reporting a historically high profit of Cg 46.6 million and setting out progress across supervision, financial stability work and preparations for the Caribbean guilder. Performance was driven by an increase in net interest income of more than Cg 33 million and higher investment returns of nearly Cg 18 million. Part of the gold reserves was sold and reinvested in long-term US government bonds, with the gold stock back to previous levels by year-end due to rising prices. On the policy and supervisory side, the report highlights publication of the final report of the Financial Sector Reform Program, launch of an early-warning monitoring system, ongoing issuance of financial stability reports including its third edition, establishment of a deposit guarantee scheme, and resolution of legacy issues linked to Girobank and Ennia. By December 2024, CBCS supervised around 400 institutions. For 2025, CBCS points to maintaining exchange-rate stability, fostering a sound financial sector, and providing a secure and accessible payment system to support sustainable economic growth.
Central Bank of Sint Maarten & Curacao 2025-08-01
Central Bank of Curaçao and Sint Maarten publishes 2024 annual report reporting record Cg 46.6 million profit and reform milestones
The Central Bank of Curaçao and Sint Maarten reported a record profit of Cg 46.6 million in its 2024 Annual Report, driven by increased net interest income and investment returns. Key developments include the sale and reinvestment of gold reserves, the publication of the Financial Sector Reform Program's final report, and the establishment of a deposit guarantee scheme. In 2025, the bank aims to maintain exchange-rate stability and support sustainable economic growth.