Banking Registration & Licensing Statistics
| Licence Type | Q2 2025 | Q1 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Class A Bank & Trust | 8 | 8 | 8 | 8 | 8 | 7 | 6 |
| Class A Bank | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Class A Total | 11 | 11 | 11 | 11 | 11 | 10 | 9 |
| Class B Bank & Trust | 24 | 24 | 24 | 27 | 29 | 33 | 38 |
| Class B Bank | 44 | 44 | 44 | 49 | 54 | 58 | 63 |
| Class B Total | 68 | 68 | 68 | 76 | 83 | 91 | 101 |
| Total Bank & Trust Licences | 79 | 79 | 79 | 87 | 94 | 101 | 110 |
| Money Services Providers | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Nominee Trust Companies | 11 | 11 | 11 | 18 | 18 | 18 | 20 |
| Total Licences | 95 | 95 | 95 | 110 | 117 | 124 | 135 |
| Building Societies | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Cooperative Societies | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Development Banks | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Controlled Subsidiaries | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Note: The figures for Class A and Class B banks includes licences, branches, subsidiaries, and privates and affiliates.
Licensed Banks by Region
| Region | Q2 2025 | Q1 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Europe | 9 | 9 | 9 | 11 | 13 | 13 | 15 |
| USA | 7 | 7 | 7 | 8 | 10 | 15 | 18 |
| Caribbean & Central America | 16 | 16 | 16 | 17 | 18 | 19 | 20 |
| Asia & Australia | 13 | 13 | 13 | 16 | 16 | 16 | 17 |
| Canada & Mexico | 10 | 10 | 10 | 10 | 12 | 12 | 12 |
| South America | 22 | 22 | 22 | 23 | 23 | 24 | 26 |
| Middle East & Africa | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Total | 79 | 79 | 79 | 87 | 94 | 101 | 110 |
International Assets and Liabilities
As at December 2024, total international assets and liabilities (cross-border positions in all currency and domestic positions in foreign currency) were reported as US$320.8 billion and US$321.5 billion, respectively (December 2023: US$382.7 billion and US$373.5 billion, respectively). The jurisdiction is now ranked twentieth internationally based on the value of cross-border assets - US$306.2 billion (December 2023: US$368.9 billion) - and twenty-third in terms of cross-border liabilities - US$266.2 billion (December 2023: US$331.7 billion), highlighting the role of the Cayman Islands as a financial intermediary.
Of the international assets and liabilities booked by the 79 banks as at December 2024, US$14.6 billion and US$55.3 billion of assets and liabilities, respectively, were booked in the domestic economy with other legally domiciled licensed entities considered as resident entities.
For quarterly statistics, see LBS Survey Results (Regulated Sectors > Banking Services > Survey Results > Locational Banking Statistics (LBS) Survey).
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