New standard amounts in model for responsible lending (BES)

Every year, the Ministry of Finance changes the standard amounts to be used when assessing creditworthiness on the Caribbean Netherlands islands. The changes are made in accordance with Section 2:5 of the Financial Markets BES Islands Regulation. The changes will come into effect on 1 April 2015. As from 1 April 2015, there will also be an adjustment to one of the parameters for the calculation model. The 5% criterion (5% of the standard amount) will increase to 6%, resulting in an increase in the maximum amount of credit that can be granted.

View the modified amounts and modified model:


Furthermore, the Minister of Finance has set the maximum fee for granting credit at 23% as from 1 April 2015.