The Bank of Maldives (BML) has announced that its total loan portfolio reached USD 1.54 billion by the end of the third quarter of 2025, with USD 421.51 million disbursed in new loans during the year.
According to BML’s financial update, the loan book remains diversified across major sectors of the economy. The tourism industry continues to hold the largest share, accounting for USD 564.73 million, followed by loans to individual customers at USD 346.43 million. The construction and housing sector stood at USD 330.17 million, while transport and communication received USD 155.64 million. Lending to businesses totalled USD 67.44 million, with the remaining USD 72 million distributed among other segments.
The bank also issued a firm denial of allegations related to its lending operations, stressing that all disbursements are made strictly in accordance with corporate governance policies and regulatory requirements.
Addressing claims that loans were extended to government project contractors without proper board approval, BML clarified that every lending decision is made under established internal procedures and oversight mechanisms.
In its statement, the bank underscored its compliance with the Maldives Monetary Authority (MMA)’s regulatory framework, as well as international standards including Basel III and IFRS 9. It added that its governance systems and financial integrity are regularly assessed through independent audits conducted by globally recognised firms.
BML reaffirmed that its lending activities are guided by a board-approved strategy, supported by well-defined credit policies. All loan approvals, the bank said, meet internal credit standards and fully comply with MMA regulations, reflecting its commitment to responsible banking and financial stability.
