The audited consolidated financial statements of Caribbean Mercantile Bank N.V. (‘the Bank’) for the year ended 31 December 2021 have been prepared in accordance with International Financial Reporting Standards (IFRS). The policies used have been consistently applied by the Bank and its subsidiaries and are consistent, in all material respects, with those used in the previous year.

The audited consolidated financial statements of Caribbean Mercantile Bank N.V. (‘the Bank’) for the year ended 31 December 2020 have been prepared in accordance with International Financial Reporting Standards (IFRS). The policies used have been consistently applied by the Bank and its subsidiaries and are consistent, in all material respects, with those used in the previous year.

The audited consolidated financial statements of Caribbean Mercantile Bank N.V. (‘the Bank’) for the year ended 31 December 2019 have been prepared in accordance with International Financial Reporting Standards (IFRS). The policies used have been consistently applied by the Bank and its subsidiaries and are consistent, in all material respects, with those used in the previous year.

The abbreviated consolidated financial statements comprise the summary of the consolidated statement of financial position as at 31 December 2018 and a summary of the consolidated statement of comprehensive income 2018 for the year then ended and related notes, are derived from the audited consolidated financial statements of Caribbean Mercantile Bank N.V. (“the Bank”) for the year ended 31 December 2018. 

The principal accounting policies adopted in the preparation of the consolidated financial statements of Caribbean Mercantile Bank N.V. and its subsidiary are set out below. These explanatory notes are an extract of the detailed notes included in the consolidated financial statements and are consistent in all material respect with those from which they have been derived.

The Bank´s consolidated financial statements, from which the abbreviated consilidated financial statements have been derived, are prepared in accordance with International Financial Reporting Standards (IFRS). The policies used have been consistently applied by Maduro & Curiel´s Bank N.V.  and its subsidiaries and are consistent, in all amterial respects, with those used in the previous year.

With environmental consciousness integrated into our bank’s operations, lending, products, services and community activities, CMB continues to promote regional prosperity and development while doing our best to ensure that progress does not come at the expense of the natural beauty that is integral to our nation’s culture and identity.

We come to understand that perseverance can unearth hidden treasures and that singular acts can
define destinies and change the world around us.

Aruba remains a nation in transition, buoyed by positives yet weighed down by transitory uncertainties. With a low unemployment rate and well-paying jobs, the island continues to boast one of the highest standards of living in the Caribbean.

While it marked another successful year for Caribbean Mercantile Bank N.V., 2013 ushered in more challenges and change for Aruba. The impact of the closure of the oil refinery was deeply felt for a second straight year.

In 2012, CMB proudly celebrated fifty years of excellence in banking, business, people and community partnership. Like Aruba, our bank has evolved over the course of time: expanding capabilities, leveraging technology, growing, adapting and improving through strategic investments in success.