The Bank of Maldives (BML) has stated that USD 365 million has been disbursed to support the tourism sector over the past two years.
In a statement, the bank said it continues to work to support the sector in overcoming challenges, noting its ongoing engagement with key stakeholders. BML said it has been holding continuous discussions with resort and guesthouse operators to assess the financial health of businesses and better understand the impact on the industry.
According to BML, its total loan portfolio extended to the tourism sector currently stands at USD 585 million. In a press release addressing the impact of the ongoing global situation on tourist arrivals, the bank assured that support would continue without interruption.
BML also stated that it is working strategically to help stabilise the tourism sector, which remains the main pillar of the Maldivian economy, with efforts aimed at achieving broader national progress.
Statistics released by the bank show that USD 672.2 million was sold to customers last year, averaging USD 1.84 million per day. This represents a 70 per cent increase compared to the previous year.
In 2025, BML sold USD 175 million to businesses, including USD 104 million to small and medium-sized enterprises (SMEs).