Maduro & Curiel's Bank: Difference between revisions
No edit summary |
No edit summary |
||
| Line 10: | Line 10: | ||
industry = [[Financial Services]] | |
industry = [[Financial Services]] | |
||
products = | |
products = | |
||
revenue = {{increase}} 254.57 million [[USD|$]]<ref name="MCB2010">{{ |
revenue = {{increase}} 254.57 million [[USD|$]]<ref name="MCB2010">{{Cite news |
||
| url = http://www.thecuracaoisland.com/maduro-curiel-bank-mcb-curacao/ |
|||
| title = The Curacao Island: Maduro Curiel Bank MCB Curacao |
|||
| publisher = thecuracaoisland.com |
|||
| date = May 21, 2011 |
|||
| accessdate=January 3, 2012 |
|||
}}</ref> (2010) | |
|||
net_income = {{increase}} 75.37 million [[USD|$]]<ref name="MCB2010"/> (2010) | |
net_income = {{increase}} 75.37 million [[USD|$]]<ref name="MCB2010"/> (2010) | |
||
assets = [[USD|$]] 3.367 billion [[USD|$]]<ref name="MCB2010"/> (2010) | |
assets = [[USD|$]] 3.367 billion [[USD|$]]<ref name="MCB2010"/> (2010) | |
||
Revision as of 02:08, 3 February 2012
| Company type | Privately Owned |
|---|---|
| Industry | Financial Services |
| Founded | 1917 |
| Headquarters | Willemstad, Curaçao |
| Revenue |  254.57 million $[1] (2010) |
| 75.37 million $[1] (2010) | |
| Total assets | $ 3.367 billion $[1] (2010) |
Number of employees | 1500 |
| Website | http://www.mcb-bank.com |
Maduro & Curiel's Bank was the first commercial bank to establish in the Netherlands Antilles and is among the largest banks in the Caribbean. The bank operates 31 branches on Curaçao, Aruba, Bonaire, St. Maarten and St. Eustatius and employs a labor force of approximately 1500. It is headquartered in Willemstad, Curacao.
History
The founding of Maduro & Curiel's Bank was intimately tied to the establishment of the Isla Oil Refinery (leased today by PDVSA) and the opening of the Panama Canal, both which made Willemstad's port a regular stop on world shipping routes. As a result of increasing business, existing financial methods that had been handled by merchants soon became obsolete and a demand for modern banking services emerged.
On January 2, 1917, Mr. Joseph Alvarez-Correa in collaboration with the trading company S.E.L Maduro & Sons, founded Maduro's Bank with an initial capital investment of 1,000,000 ANG.[2] In 1932, Maduro's Bank merged with Curiel's Bank and Maduro & Curiel's Bank (MCB) was formed. Since 1970, MCB has been associated with Scotiabank.
As of 2010, MCB has approximately 3.4 billion USD in assets.[1]
Banking Services
In addition to commercial banking, Maduro & Curiel’s Bank has diversified into many areas of financial services such as underwriting in portfolio management and investment services, insurance brokerage, and private banking. Due to Curacao's favorable tax laws, offshore trust services have also flourished.
References
- ^ a b c d "The Curacao Island: Maduro Curiel Bank MCB Curacao". thecuracaoisland.com. May 21, 2011. Retrieved January 3, 2012. Cite error: The named reference "MCB2010" was defined multiple times with different content (see the help page).
- ^ "The Curacao Island: Maduro Curiel Bank MCB Curacao". thecuracaoisland.com. May 21, 2011. Retrieved January 3, 2012.
External links
This article incorporates text from this source, which is in the public domain.
- Maduro & Curiel's Bank [1]