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Cayman Islands
Banking Registration & Licensing Statistics
Licence Type Q4 2022 Q3 2022 Q2 2022 Q1 2022 2021 2020 2019 2018 2017
Class A Bank & Trust 8 8 8 7 7 6 6 8 8
Class A Bank 3 3 3 3 3 3 3 3 3
Class A Total 11 11 11 10 10 9 9 11 11
Class B Bank & Trust 29 31 30 32 33 38 42 46 52
Class B Bank 54 56 58 58 58 63 74 76 85
Class B Total 83 87 88 90 91 101 116 122 137
Total Bank & Trust Licences 94 98 99 100 101 110 125 133 148
Money Services Providers 5 5 5 5 5 5 5 5 5
Nominee Trust Companies 18 18 18 18 18 20 20 21 23
Total Licences 117 121 122 123 124 135 150 159 176
Building Societies 1 1 1 1 1 1 1 1 1
Cooperative Societies 2 2 2 2 2 2 2 2 2
Development Banks 1 1 1 1 1 1 1 1 1
Controlled Subsidiaries 7 7 7 7 7 7 7 7 7
Money Services Businesses 5 5 5 5 5 5 5 5 5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: The figures for Class A and Class B banks includes licences, branches, subsidiaries, and privates and affiliates.

Licensed Banks by Region
Region Q4 2022 Q3 2022 Q2 2022 Q1 2022 2021 2020 2019 2018 2017
Europe 13 13 13 13 13 15 20 27 32
USA 10 12 13 14 15 18 20 22 24
Caribbean & Central America 18 19 19 19 19 20 22 24 20
Asia & Australia 16 16 16 16 16 17 20 20 21
Canada & Mexico 12 12 12 12 12 12 13 13 15
South America 23 24 24 24 24 26 28 25 33
Middle East & Africa 2 2 2 2 2 2 2 2 3
Total 94 98 99 100 101 110 125 133 148

 

 

 

 

 

 

 

 

 

 

 

International Assets and Liabilities 

As at December 2021, total international assets and liabilities (cross-border positions in all currency and domestic positions in foreign currency) were reported as US$518 billion and US$517 billion, respectively (December 2020: US$597 billion and US$597 billion, respectively). The jurisdiction is now ranked fifteenth internationally based on the value of cross-border assets - US$503 billion (December 2020: US$578 billion) - and fifteenth in terms of cross-border liabilities - US$470 billion (December 2020: US$537 billion), highlighting the role of the Cayman Islands as a financial intermediary.

Of the international assets and liabilities booked by the 101 banks as at December 2021, US$15.3 billion and US$46.7 billion of assets and liabilities, respectively, were booked in the domestic economy with other legally domiciled licensed entities considered as resident entities.