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 52 billion in deposits as at end December 2021. Outstanding Loans of all the banks stand at MVR 28.7 billion during the same period.
Banks Rankings
Assets
38.9 B
Revenue
3.9 B
Deposits
27.3 B
Loans
15.6 B
Net Profit
1.86 B
Market Share
49%
Assets
15.8 B
Revenue
1.03 B
Deposits
5.73 B
Loans
5.12 B
Net Profit
469 M
Market Share
20%
Assets
5.49 B
Revenue
276 M
Deposits
4.43 B
Loans
2.35 B
Net Profit
79 M
Market Share
7%
Assets
5.14 B
Revenue
395 M
Deposits
3.47 B
Loans
2.42 B
Net Profit
202 M
Market Share
6%
Assets
4.76 B
Revenue
170 M
Deposits
3.71 B
Loans
1.49 B
Net Profit
76 M
Market Share
6%
Assets
4.22 B
Revenue
165 M
Deposits
3.56 B
Loans
545 M
Net Profit
86 M
Market Share
5%
Assets
2.81 B
Revenue
135 M
Deposits
2.20 B
Loans
660 M
Net Profit
54 M
Market Share
4%
Assets
2.32 B
Revenue
117 M
Deposits
1.99 B
Loans
582 M
Net Profit
33 M
Market Share
3%