The year 2017 will be remembered as when St. Maarten was devastated by the one of the most powerful hurricanes in history to pass through the Caribbean.
Up until the second quarter of 2017, St. Maarten’s economy was on a growth path. Sectors such as construction, hotel and restaurant, transportation and real estate were experiencing growth.
In the aftermath of hurricane Irma, we provided our many clients with various concessions aimed at assisting them during this difficult time. This included waiving all interest on personal loans for a period of 6 months while also not requiring them to make any loans payments during this time if they were not in a position to do so.