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6 LOCAL AWEMainta Diamars, 29 April 2025

Art by: Garrick Marchena

Consolidated Financial Highlights

Consolidated Balance Sheet of Maduro & Curiel’s Bank N.V. Consolidated Income Statement of Maduro & Curiel’s Bank N.V.
and its subsidiaries as at December 31, 2024 and its subsidiaries for the year ended December 31, 2024

(All amounts are expressed in thousands of Antillean Guilders) 2024 2023 (All amounts are expressed in thousands of Antillean Guilders) 2024 2023
ASSETS
Cash and due from banks 3,270,497 3,305,484 Interest income 438,232 403,777
Investment securities 1,988,058 1,632,515 Interest expense 31,070 14,459
Loans and advances to customers 5,042,634 4,697,195
Customers' liability under acceptances 2,233 2,058 Net interest income 407,162 389,318
Other assets 53,015 59,306
Bank premises, equipment and 181,199 172,604 Fee and commission income 325,791 274,361
right-to-use assets Fee and commission expenses 197,860 149,732
Deferred tax assets 20,377 23,208
Net fee and commission income 127,931 124,629
TOTAL ASSETS 10,558,013 9,892,370
Income from foreign exchange transactions 67,053 63,439
LIABILITIES AND EQUITY
Liabilities Operating income 602,146 577,386
Customers' deposits 8,896,093 8,355,567
Due to banks 27,314 20,921 Salaries and other employee expenses 226,105 210,775
Acceptances outstanding 2,233 2,058 Occupancy expenses 29,793 27,138
Profit tax liabilities 12,518 12,107 Credit (income)/loss expenses on financial 5,855 12,170
Lease liabilities 12,949 7,404 assets and contingent liabilities
Other liabilities 116,429 121,925 Other operating expenses 94,326 114,415
Insurance contract liabilities 34,367 32,075
Provisions 32,015 30,802 Operating expenses 356,079 364,498
Deferred tax liability 18,441 16,482
Net result before tax 246,067 212,888
9,152,359 8,599,341
Equity Profit tax 20,192 2,386
Share capital 51,000 51,000
General reserve 12,500 12,500
Other reserves 218,695 213,930
Retained earnings 1,123,459 1,015,599
1,405,654 1,293,029

TOTAL LIABILITIES AND EQUITY 10,558,013 9,892,370 NET RESULT AFTER TAX 225,875 210,502

INDEPENDENT AUDITOR’S REPORT ON THE AUDIT OF THE CONSOLIDATED FINANCIAL HIGHLIGHTS

Opinion not cover the other information and we do not express any form of assurance conclusion
The accompanying consolidated financial highlights, which comprise the consolidated thereon.
balance sheet as at 31 December 2024 and consolidated income statement for the year In connection with our audit of the consolidated financial highlights, our responsibility
then ended and related notes, are derived from the audited consolidated financial is to read the other information and, in doing so, consider whether the other information
statements of Maduro & Curiel’s Bank N.V. (“the Bank”) for the year ended 31 December is materially inconsistent with the consolidated financial statements or our knowledge
2024. obtained in the audit or otherwise appears to be materially misstated, as is required
by article 121 sub 3 Book 2 of the Curaçao Civil Code. If, based on the work we have
In our opinion, the accompanying consolidated financial highlights are consistent, in performed, we conclude that there is a material misstatement of this other information,
all material respects, with the audited consolidated financial statements of the Bank, in we are required to report that fact. We have nothing to report in this regard.
accordance with the Provisions for the Disclosure of Consolidated Financial Highlights
of Domestic Banking Institutions, as set by the Central Bank of Curaçao and Sint
Maarten (“CBCS”). Responsibilities of management for the consolidated financial highlights
Management is responsible for the preparation of the accompanying consolidated
Consolidated financial highlights financial highlights in accordance with the Provisions for the Disclosure of Consolidated
The accompanying consolidated financial highlights do not contain all the disclosures Financial Highlights of Domestic Banking Institutions, as set by the CBCS.
required by International Financial Reporting Standards. Reading the accompanying
consolidated financial highlights and our report thereon, therefore, is not a substitute Auditor’s responsibilities
for reading the audited consolidated financial statements of the Bank and our auditor’s Our responsibility is to express an opinion on whether the accompanying consolidated
report thereon. The consolidated financial highlights and the audited consolidated financial highlights are consistent, in all material respects, with the audited consolidated
financial statements do not reflect the effects of events that occurred subsequent to financial statements of the Bank based on our procedures, which were conducted in
the date of our report on the audited consolidated financial statements. accordance with International Standard on Auditing (ISA) 810 (Revised), Engagements
to Report on Summary Financial Statements.
The audited consolidated financial statements and our auditor’s report thereon
We expressed an unmodified audit opinion on the consolidated financial statements Curaçao, 28 April 2025
2024 of the Bank in our auditor’s report dated 25 March 2025.
for Ernst & Young Accountants
Other information
Other information consists of the Management’s Report. Management is responsible
for the other information. Our opinion on the consolidated financial statements does drs. R.J.W. van Nimwegen RA