Banking in Aruba
The Central Bank of Aruba is responsible for supervision of the financial sector. Until the enactment of the State Ordinance on the Supervision of the Credit System (AB 1998 no. 16) the Bank (itself created in 1986) considered that it did not have the tools with which to regulate banks sufficiently closely. As a result, it has been extremely choosy about admitting banking operations, and until recently there were only three offshore banks in Aruba. See Law of Offshore for information about the registration of a bank in Aruba.
Offshore banks take the form of 'offshore' NVs and are permitted to deal only with non-residents or with Aruban Exempt Corporations.
The Central Bank is now encouraging the development of a larger financial sector, and will consider applications for licenses from financially sound and reputable banks who are subject to consolidated supervision in their home jurisdiction. A small number of new banking arrivals have taken place in the last few years.
| AIB Bank | |
| AIB Bank is a viable source for offshore banking in Aruba as it features all the usual banking services required either by a person or by a large corporation. The bank was born in 1988 and since then it constantly developed with the progress of the country. | |
| Aruba Bank | |
| A good solution for offshore banking in Aruba is Aruba Bank, that features a compact website, simple and really easy to use. Aruba Bank supports both private and corporate Banking, insurances and special loans. Really professional and definitely worth checking out. | |
| Central Bank Aruba | |
| Central Bank van Aruba is not a commercial banking institution, nevertheless it offers a lot of useful information in regard to offshore banking in Aruba. The bank works for the benefit of the people and emphasizes on stability and control. | |
