Bank of Maldives (BML) CEO Mohamed Shareef has confirmed that the bank maintains a healthy dollar liquidity, having disbursed $226 million in loans during the first half of this year alone. With a significant portion of these funds directed towards the tourism sector, the bank’s total credit exposure has reached $860 million, marking a substantial increase compared to previous years. Furthermore, the CEO highlighted that the bank currently sells an average of $80 million per month, representing the highest volume of foreign currency transactions in the bank’s history. Additionally, he noted that following the recent adjustments to overseas card limits, the bank has prioritized ensuring the availability of foreign currency for essential needs, such as medical expenses and general retail transactions.
