Aruba International Offshore Banks
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Oranjestad, the capital of Aruba.
Tourism, financial and business services, including offshore banking, as well as oil refining and storage make up the mainstay of the Aruban economy. However, tourism is the majority economic earner of the island.
The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth.
Aruba's small labor force and less than 6.9% (2005 est.) unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years. Foreign workers make up38% of the employed population (2007 est.)
Banks
Aruba Bank
Aruba Bank offers commercial and retail banking services. Also offers offshore banking services. The bank has international ties with prominent financial institutions, ensuring complete and global services to its customers.
AIB Bank
Corporate finance, Program & project management and Economic & financial advisory services.
Banco di Caribe
The first onshore bank in the Netherlands Antilles to introduce on-line/real time banking administration.
Carribean Mercantile Bank N.V.
Offers banking products to the private individuals. Established on Aruba in 1962, Caribbean Mercantile Bank N.V. is a full service commercial bank as well as a subsidiary of Maduro & Curiel’s Bank N.V. Curaçao.
