Table 7.10 Loans to Private Sector by Financial Institutions, 2019 - 2025 1/
(Millions of MVR)
Period Total loans & advances 2/ Period In % of Total loans & advances y/y % change
Agriculture Fishing Manufacturing Construction 3/ Real estate 3/ Tourism Commerce Transport & communication Electricity, gas, water & sanitary services Personal Loans Other loans & loans not adequately described Fishing Construction 3/ Real estate 3/ Tourism Commerce Transport & communication Total loans & advances 2/ Fishing Construction 3/ Real estate 3/ Tourism Commerce Transport & communication
(2 to 12)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25)
2019
26,814.0
4.4
455.5
159.2
6,531.7
2,533.5
9,066.2
3,138.1
977.4
0.7
2,897.1
1,050.3
 2019
1.7
24.4
9.4
33.8
11.7
3.6
7.9
-4.7
9.8
8.5
6.7
-0.2
3.3
2020
29,180.5
6.5
411.3
155.0
6,980.2
2,743.5
10,828.3
3,046.4
796.8
-
3,070.5
1,142.1
 2020
1.4
23.9
9.4
37.1
10.4
2.7
8.8
-9.7
6.9
8.3
19.4
-2.9
-18.5
2021
30,590.2
6.4
440.7
203.2
7,030.7
2,627.5
11,074.2
3,275.2
1,157.9
-
3,684.8
1,089.5
 2021
1.4
23.0
8.6
36.2
10.7
3.8
4.8
7.2
0.7
-4.2
2.3
7.5
45.3
2022
32,232.1
6.2
494.1
209.4
7,012.1
2,727.5
11,585.4
3,660.7
832.2
7.7
4,727.8
969.0
 2022
1.5
21.8
8.5
35.9
11.4
2.6
5.4
12.1
-0.3
3.8
4.6
11.8
-28.1
2023
35,212.6
16.2
503.2
178.2
7,195.3
2,887.7
12,439.4
4,169.0
962.8
10.0
5,752.4
1,098.5
 2023
1.4
20.4
8.2
35.3
11.8
2.7
9.2
1.8
2.6
5.9
7.4
13.9
15.7
2024
37,400.5
18.1
482.7
153.3
7,217.3
4,298.6
12,484.3
2,977.8
1,022.1
45.4
7,452.4
1,248.5
 2024
1.3
19.3
11.5
33.4
8.0
2.7
6.2
-4.1
0.3
48.9
0.4
-28.6
6.2
2023 Feb-23
32,313.3
6.2
500.3
209.2
6,865.6
2,733.0
11,650.0
3,721.6
823.7
10.3
4,882.8
910.6
 2023 Feb-23
1.5
21.2
8.5
36.1
11.5
2.5
5.5
12.1
-2.0
3.3
5.5
12.2
-25.3
Mar-23
32,512.3
8.8
502.3
192.9
6,858.2
2,759.4
11,730.1
3,720.0
826.6
10.3
4,968.9
934.9
 Mar-23
1.5
21.1
8.5
36.1
11.4
2.5
6.9
7.7
-1.9
2.7
9.1
10.3
-23.2
Apr-23
32,620.2
9.5
513.1
193.4
6,894.1
2,785.6
11,736.5
3,611.5
950.4
10.2
4,999.1
916.7
 Apr-23
1.6
21.1
8.5
36.0
11.1
2.9
6.8
9.7
-1.3
2.3
10.6
5.1
-24.3
May-23
33,008.2
10.7
524.3
193.3
6,895.9
2,816.3
11,860.6
3,701.9
937.7
10.2
5,103.0
954.2
 May-23
1.6
20.9
8.5
35.9
11.2
2.8
7.7
11.2
-1.2
3.5
12.2
4.9
-23.8
Jun-23
33,129.3
10.9
520.1
193.5
6,948.9
2,782.8
11,918.3
3,676.2
891.3
10.2
5,197.8
979.4
 Jun-23
1.6
21.0
8.4
36.0
11.1
2.7
7.2
5.5
-0.3
2.1
11.8
4.3
-25.5
Jul-23
33,419.2
11.6
515.3
192.4
6,972.0
2,751.1
12,048.6
3,723.1
907.4
10.1
5,318.8
968.7
 Jul-23
1.5
20.9
8.2
36.1
11.1
2.7
7.7
5.7
0.2
1.5
12.3
4.4
-23.3
Aug-23
33,752.5
12.6
504.4
175.5
6,991.9
2,782.0
12,194.6
3,851.9
864.5
10.1
5,400.8
964.2
 Aug-23
1.5
20.7
8.2
36.1
11.4
2.6
8.9
2.0
1.0
1.8
14.3
9.4
-25.5
Sep-23
34,347.7
12.5
509.6
180.0
7,064.8
2,826.2
12,305.8
4,017.6
982.6
10.1
5,444.7
993.8
 Sep-23
1.5
20.6
8.2
35.8
11.7
2.9
9.4
2.4
0.0
3.6
10.7
13.9
11.9
Oct-23
34,619.9
15.3
506.8
181.2
7,106.2
2,819.2
12,356.1
4,100.3
992.6
10.0
5,535.1
997.2
 Oct-23
1.5
20.5
8.1
35.7
11.8
2.9
8.7
1.8
1.1
3.6
7.5
15.8
14.4
Nov-23
34,945.1
16.5
501.8
182.3
7,142.5
2,868.5
12,408.5
4,125.9
958.4
10.0
5,664.0
1,066.7
 Nov-23
1.4
20.4
8.2
35.5
11.8
2.7
10.3
1.3
1.8
7.1
9.8
15.9
14.5
Dec-23
35,212.6
16.2
503.2
178.2
7,195.3
2,887.7
12,439.4
4,169.0
962.8
10.0
5,752.4
1,098.5
 Dec-23
1.4
20.4
8.2
35.3
11.8
2.7
9.2
1.8
2.6
5.9
7.4
13.9
15.7
2024 Jan-24
35,200.7
16.7
498.0
201.2
7,236.7
2,921.9
12,278.1
4,103.9
962.8
9.7
5,873.6
1,097.9
 2024 Jan-24
1.4
20.6
8.3
34.9
11.7
2.7
9.9
0.4
3.9
7.9
6.6
12.1
24.7
Feb-24
35,318.1
16.7
495.9
184.9
7,265.4
2,935.5
12,269.4
4,026.8
945.6
9.7
6,037.0
1,131.1
 Feb-24
1.4
20.6
8.3
34.7
11.4
2.7
9.3
-0.9
5.8
7.4
5.3
8.2
14.8
Mar-24
35,197.2
17.3
493.9
180.6
7,291.4
2,951.7
11,911.1
4,155.4
931.1
9.7
6,140.8
1,114.1
 Mar-24
1.4
20.7
8.4
33.8
11.8
2.6
8.3
-1.7
6.3
7.0
1.5
11.7
12.6
Apr-24
35,671.0
17.7
487.5
177.4
7,307.4
3,001.8
11,942.1
4,303.4
1,046.7
9.6
6,244.8
1,132.6
 Apr-24
1.4
20.5
8.4
33.5
12.1
2.9
9.4
-5.0
6.0
7.8
1.8
19.2
10.1
May-24
36,225.7
17.7
512.3
175.4
8,294.4
2,976.8
12,786.3
2,794.2
1,017.9
51.4
6,422.9
1,176.5
 May-24
1.4
22.9
8.2
35.3
7.7
2.8
9.7
-2.3
20.3
5.7
7.8
-24.5
8.6
Jun-24
36,669.5
17.6
509.0
171.6
8,412.6
3,015.3
12,826.9
2,812.9
1,054.6
45.0
6,557.6
1,246.3
 Jun-24
1.4
22.9
8.2
35.0
7.7
2.9
10.7
-2.1
21.1
8.4
7.6
-23.5
18.3
Jul-24
37,117.2
19.0
508.3
168.3
8,443.6
3,006.5
13,047.6
2,917.5
1,007.7
45.0
6,716.7
1,237.0
 Jul-24
1.4
22.7
8.1
35.2
7.9
2.7
11.1
-1.4
21.1
9.3
8.3
-21.6
11.1
Aug-24
37,456.8
17.7
509.0
165.6
8,484.7
3,038.0
13,182.5
2,859.3
1,015.4
46.2
6,883.2
1,255.1
 Aug-24
1.4
22.7
8.1
35.2
7.6
2.7
11.0
0.9
21.4
9.2
8.1
-25.8
17.5
Sep-24
37,838.3
16.2
496.9
172.7
8,469.2
3,077.4
13,330.5
2,888.1
998.8
44.6
7,064.7
1,279.3
 Sep-24
1.3
22.4
8.1
35.2
7.6
2.6
10.2
-2.5
19.9
8.9
8.3
-28.1
1.6
Oct-24
37,846.6
16.8
501.2
165.9
7,377.1
4,233.8
12,915.9
3,052.5
1,063.5
43.8
7,191.3
1,284.7
 Oct-24
1.3
19.5
11.2
34.1
8.1
2.8
9.3
-1.1
3.8
50.2
4.5
-25.6
7.1
Nov-24
37,746.0
18.0
487.8
157.0
7,254.9
4,328.6
12,883.2
2,996.9
1,029.7
45.5
7,313.2
1,231.1
 Nov-24
1.3
19.2
11.5
34.1
7.9
2.7
8.0
-2.8
1.6
50.9
3.8
-27.4
7.4
Dec-24
37,400.5
18.1
482.7
153.3
7,217.3
4,298.6
12,484.3
2,977.8
1,022.1
45.4
7,452.4
1,248.5
 Dec-24
1.3
19.3
11.5
33.4
8.0
2.7
6.2
-4.1
0.3
48.9
0.4
-28.6
6.2
2025 Jan-25
37,397.5
17.8
477.8
156.6
7,235.7
4,301.9
12,447.2
2,893.7
990.6
44.3
7,597.3
1,234.6
 2025 Jan-25
1.3
19.3
11.5
33.3
7.7
2.6
6.2
-4.1
-0.0
47.2
1.4
-29.5
2.9
Source: Maldives Monetary Authority
1/This refers to loans and advances to private sector by Other Depository Corporations and Other Financial Corporations.
2/Data represents total loans and advances excluding accrued interest receivable and accounts receivable.
3/From June 2017 onwards, construction loans are reported as real estate loans when all proceeds under the loan have been advanced as per instructions in MMA financial returns.