International banking activity expanded for a second straight quarter between April and June with banks lending more to emerging markets and also generating a notable increase in investment funds in offshore centers such as the Cayman Islands.
Foreign lending to offshore centers rose to $2.269 trillion in the second quarter from $2.2 trillion in the first quarter with inflows to Cayman rising by 5 percent to $795 billion, according to figures released by the Bank for International Settlements (BIS), which tracks cross-border bank lending.
Cayman, Bank for International Settlements
