October 21, 2019

Cayman Islands’ offshore banking sector dropped in 2017

Pin It

By: Pedro Gonçalves From International Investment Offshore banks reported losses of $1bn last year, an improvement of the $2bn of net losses in 2016, according to the Cayman Islands Monetary Authority’s 2017 banking digest. “While the sector reported reductions in Operating Expenses of $0.9bn, Net Interest Income and Net Non-interest Income reported significant declines of […]