For a better experience on Cayman Islands Monetary Authority, update your browser.

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 87 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.

Sign up for our E-alerts

Be the first to know about releases and industry news and insights.