Table 10 Financial Access Survey, 2011 - 2023 1/
Commercial banks Other financial intermediaries Insurance corporations
No. of institutions No.of branches No.of ATMs No.of depositors No.of deposit accounts No.of borrowers No.of loan accounts Outstanding loans (millions of MVR) Outstanding deposits (millions of MVR) No.of institutions No.of customers No. of customer accounts No.of borrowers No.of loan accounts No.of companies No.of insurance policy holders No.of insurance policies
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)
2011
7
26
47
309,306
404,424
39,127
40,099.0
17,701.7
17,326.9
2
875
875
875
875
4
na
na
2012
7
27
58
305,635
334,572
39,944
41,256.0
16,022.2
17,943.7
2
1,352
1,373
1,352
1,373
4
31,206
56,504
2013
7
27
64
319,033
425,711
33,204
35,004.0
16,148.0
20,956.1
2
1,606
1,624
1,606
1,624
3
31,225
52,633
2014
7
28
78
407,158
423,380
39,407
43,522.0
16,323.8
24,541.4
2
3,511
3,596
3,511
3,596
3
33,063
59,643
2015
7
29
83
350,063
484,841
41,486
53,699.0
17,642.0
27,550.9
2
5,326
5,548
5,326
5,548
3
41,096
91,771
2016
8
37
96
371,181
518,007
48,961
54,173.0
19,419.3
27,729.9
2
7,058
7,557
7,058
7,557
5
47,555
109,875
2017
8
45
117
373,341
509,795
58,375
64,013.0
22,039.6
28,822.8
2
7,748
8,329
7,748
7,850
5
54,312
117,644
2018
8
47
131
400,148
538,268
59,829
66,673.0
24,248.7
29,515.3
2
8,733
9,598
8,733
8,896
5
65,626
149,636
2019
8
52
149
419,345
503,261
72,567
70,632
25,956.2
32,647.1
3
9,411
10,440
9,411
9,535
5
68,497
182,068
2020
8
53
165
472,926
532,030
76,286
80,955
28,764.4
37,143.5
3
7,622
8,014
7,622
7,132
5
66,564
139,309
2021
8
53
174
574,575
594,296
112,587
141,487
30,710.9
47,864.2
3
7,400
7,424
7,400
6,471
5
94,833
164,943
2022
8
53
182
634,270
673,711
133,755
158,498
32,461.7
50,677.7
3
8,692
8,747
8,692
7,795
5
104,313
218,569
2023
8
53
188
721,871
767,354
141,507
200,510
36,814.1
53,668.3
3
8,330
8,112
8,330
6,787
5
110,820
258,485
Source: Maldives Monetary Authority
1/This table is compiled based on information available as at 30 July 2024 in accordance with IMF's Financial Access Survey.
Note: Number of deposit accounts or number of loan accounts counted refers to total number of every single corporate, individual and / or joint account, whilst number of depositors or number of borrowers counted refers to total number of corporate, individual, joint account holders who are counted as one depositor or borrower irrespective of the number of accounts held by the holders.