October 26, 2021

Cayman Islands’ offshore banking sector dropped in 2017

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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 […]