Dividend Distributions Financial Institutions Temporarily Suspended to Create Additional Buffers. | SMN News

 “Scale and duration of the crisis yet uncertain”

WILLEMSTAD/ PHILIPSBURG:— The Centrale Bank van Curacao and Sint Maarten (CBCS) will actively steer financial institutions towards creating additional buffers in order to withstand the impact of the COVID-19 pandemic on the financial sector.

COVID-19 pandemic has significant social and economic consequences. Drastic measures were inevitable to safeguard public health against a further spread of the virus. “As we cannot foresee when and at what pace the situation will normalize, it is vital that financial institutions take additional – precautionary – measures to maximize their buffers,” according to CBCS acting president

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