In comparison with the turmoil in much of the international financial and banking world, the Dutch Caribbean islands were in some ways oases in financial seas. Sound and conservative banking practices and strong prudential supervision by the Central Banks of the Netherlands Antilles and Aruba helped to ensure that all banks on these islands continue to be strong. There was, however, no escaping the economic consequences of the financial crisis and the effect of severe decreases in deposit rates, both abroad and locally.
Notwithstanding the fact that in 2010 we will continue to see high unemployment and weak economies in our principal trading partners in both North America and Europe, we remain with guarded optimism.
Within banking and finance our focus is among others on:
- International Banking
- Capital Allocation
- Distressed Debt