Statistics released by the Maldives Monetary Authority (MMA) reveal that bank credit extended to private individuals increased by 15% as of November 2025.
According to the MMA’s Economic Update report, banks disbursed MVR 8.7 billion in personal loans and credit card facilities during November. This marks a significant increase compared to January 2025, when the total stood at MVR 7.6 billion, representing a growth of MVR 1.1 billion within the year.
The volume of credit issued through loans and credit cards has shown a consistent year-on-year upward trend. MMA’s data highlights a remarkable growth of 141% in this sector over the past five years.
The report further indicates a broad-based growth in lending across key economic sectors, including personal loans, tourism, commerce, construction, and real estate.
Excluding the tourism sector, the highest volume of bank credit is currently directed toward personal loans and credit card services. The MMA noted that the growth in tourism-related lending is primarily driven by increased financing for working capital, resort development, and the expansion of the guesthouse industry.
