Increase in the number of bank accounts at SXM

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The departure of many residents of the island after the passage of Irma was reflected in banking activity. 

In 2017, the number of bank accounts fell by 3,7% with almost 1 fewer accounts compared to 310. Conversely, returns and arrivals in 2016 contributed to further growth in banking activity: the number of accounts amounted to 2018, ie 35 more than in 733 and 1 more than in 514. More than 2017% are ordinary accounts (demand deposits.

In 2018, banks opened 597 new ordinary accounts (demand deposits), 1 new passbook accounts and closed 029 home savings accounts and 25 term deposit accounts. The number of home savings accounts (CEL and PEL) is almost stable compared to 85 (-2017%) but is clearly down compared to 0,9 (-2016%).

Youth booklets are down for the third consecutive year: 783 are recorded in 2018 against 897 in 2017. (soualigapost.com)

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