Banks

The Maldives banking sector consists of three local banks; the Bank of Maldives Plc, Maldives Islamic Bank Plc, and Commercial Bank of Maldives. The rest of the five banks are branches of foreign banks.

There is government ownership in both BML and MIB, which are both publicly listed companies as well.

There are altogether 52 branches, and 165 ATM’s in the country. All the eight banks combined hold a total MVR 43 billion in deposits as at end April 2021. Outstanding Loans and advances of all the banks stand at MVR 30.6 billion during the same period.

Banks Rankings

Assets
31.4 B
Revenue
2.68 B
Deposits
21.9 B
Loans
14.46 B
Net Profit
325 M
Market Share
52%
Assets
14.9 B
Revenue
722 M
Deposits
5.54 B
Loans
5.50 B
Net Profit
279 M
Market Share
23%
Assets
4.43 B
Revenue
342 M
Deposits
2.92 B
Loans
2.27 B
Net Profit
134 M
Market Share
7%
Assets
4.42 B
Revenue
249 M
Deposits
3.43 B
Loans
2.21 B
Net Profit
75 M
Market Share
7%
Assets
3.24 B
Revenue
113 M
Deposits
2.23 B
Loans
631 M
Net Profit
43 M
Market Share
5%
Assets
2.91 B
Revenue
113 M
Deposits
2.34 B
Loans
510 M
Net Profit
28 M
Market Share
5%
Assets
1.93 B
Revenue
68 M
Deposits
1.43 B
Loans
331 M
Net Profit
27 M
Market Share
3%
Assets
1.80 B
Revenue
96 M
Deposits
1.50 B
Loans
509 M
Net Profit
23 M
Market Share
3%