Kingdom of the Netherlands-Aruba: Technical Assistance Report-Financial Stability Diagnostic and Scoping Mission

Author: International Monetary Fund. Western Hemisphere Dept.

Volume/Issue: Volume 2023 Issue 170

Publication date: May 2023

ISBN: 9798400242885

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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , International - Economics , Business and Financial , CARTAC mission , staff team of the International Monetary Fund , bank FIS , mortgage bank , bank data , c , CBA , lending portfolio , Financial sector stability , Mortgages , Commercial banks , Housing prices , Loans , Caribbean

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Summary

Aruba has a sizeable financial sector, dominated by commercial banks that are generally well capitalized and hold ample liquidity buffers. Within the context of a conservative business model, capital adequacy and liquid assets to total assets ratios have been around double the regulatory minima. Banks are profitable and before the pandemic the NPL ratio was at a moderate level. Due to the Covid-19 pandemic, the NPL risks increased, but have remained within acceptable ranges.