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905,060 5,764 910,824 5,184 (1,231) 914,777 1,596,919 2,418,217 182,052 61,769 4,258,957 11,727 (110,304) 4,160,380 2,565,819 2,867,865 1,311,575 6,745,259 6,182 6,751,441
2018

762,807 6,494 769,301 4,229 (1,160) 772,370 1,605,815 2,505,801 162,713 44,317 4,318,646 11,207 (111,240) 4,218,613 2,561,911 2,754,514 1,281,829 6,598,254 5,685 6,603,939
2019 Independent auditor’s report on the audit of the consolidated financial highlights The accompanying consolidated financial highlights, which comprise the consolidated balance sheet as at 31 December 2019 and consolidated income statement for the year then ended and related notes, are derived from the audited consolidated financial statements of Maduro & Cur

B. SPECIFICATION OF ACCOUNTS (All amounts are expressed in thousands of Antillean Guilders) Debt securities at amortized cost Financial assets at fair value through profit or loss Total investment securities Accrued interest receivables on debt securities Less: Loss allowance for expected credit losses Loans and advances to customers Total loans and advances to customers Accrued interest rec

ADVERTENTIE I ASSETS Investment securities NET INVESTMENTS Retail customers Corporate customers Public sector Other II LIABILITIES Customers' deposits Retail customers Corporate customers Other Opinion ended 31 December 2019. Other information Auditor’s responsibilities Curaçao, 29 April 2020 for Ernst & Young Accountants drs. R.J.W. van Nimwegen RA

Donderdag 30 april 2020 Explanatory notes to the Consolidated Financial Highlights as at December 31, 2019 That is, whether the Group’s objective is solely to collect the contractual cash flows from the assets. If this condition is not applicable (unlisted equity securities), then the financial assets are classified as part of ‘other’ business model and measured at FVTPL. SPPI Where the business model i

Antilliaans Dagblad A. ACCOUNTING POLICIES 1. GENERAL The principal accounting policies adopted in the preparation of the Consolidated Financial Highlights of Maduro & Curiel’s Bank N.V. and its subsidiaries (the ‘Group’) 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 respects with those

Donderdag 30 april 2020 2018 2019 313,956 317,180 16,157 15,374 297,799 301,806 229,866 242,917 90,436 99,312 139,430 143,605 53,357 52,512 - 974 490,586 498,897 197,829 207,693 23,977 27,673 (6,673) 7,376 81,442 83,120 296,575 325,862 194,011 173,035 32,512 25,524 161,499 147,511 Leningen Ondanks de uitdagende lokal

Antilliaans Dagblad Consolidated income statement of Maduro & Curiel’s Bank N.V. and its subsidiaries for the year ended December 31, 2019 (All amounts are expressed in thousands of Antillean Guilders) Fee and commission expenses Net fee and commission income Income from foreign exchange transactions Salaries and other employee expenses Credit loss expenses/(income) on financial assets NET RESULT AFTER

Fee and commission income
Net result before profit tax
Other operating expenses
and contingent liabilities
Operating expenses
Occupancy expenses
Net interest income
Operating income
Consolidated Financial Highlights
Interest expense
Interest income
Other revenues
Profit tax
• miljoen (2%). • • NAF 4 miljoen ofwel 3%. •
ADVERTENTIE 2018 2,608,413 914,777 772,370 4,160,380 4,218,613 189,586 198,462 1,490 1,487 6,675 6,883 40,638 39,009 7,921,959 6,751,441 21,717 28,306 1,490 1,487 6,910 (3,150) 20,899 21,679 124,270 149,943 104,418 154,939 7,031,145 51,000 51,000 12,500 12,500 191,470 192,844 618,365 649,327 873,335 905
Consolidated balance sheet of Maduro & Curiel’s Bank N.V. and its subsidiaries as at December 31, 2019 (All amounts are expressed in thousands of Antillean Guilders) 2019 2,625,990 Loans and advances to customers Bank premises and equipment Customers' liability under acceptances 7,862,814 6,603,939 6,957,143 7,862,814 TOTAL LIABILITIES AND EQUITY Onze jaarrekening en overige inf

14 ASSETS Cash and due from banks Investment securities Deferred tax assets Other assets TOTAL ASSETS LIABILITIES AND EQUITY Liabilities Customers' deposits Due to banks Acceptances outstanding Profit tax liabilities Deferred tax liability Provisions Other liabilities Equity Share capital General reserve Other reserves Retained earnings Minority interest • drijven tezamen.