Table 7.11 Total Loans by Financial Institutions, 2019 - 2024 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 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
28,095.1
4.4
523.4
159.2
6,615.0
2,533.5
9,104.0
3,483.3
1,610.6
71.1
2,897.1
1,093.5
 2019
1.9
23.5
9.0
32.4
12.4
5.7
7.4
-9.9
10.1
8.5
6.7
-2.3
8.2
2020
30,905.6
6.5
432.8
155.0
7,074.8
2,743.5
10,867.6
3,575.0
1,627.7
39.3
3,070.5
1,313.1
 2020
1.4
22.9
8.9
35.2
11.6
5.3
10.0
-17.3
7.0
8.3
19.4
2.6
1.1
2021
33,298.5
6.4
525.6
203.2
7,120.1
2,627.5
11,154.6
4,082.6
2,711.2
39.2
3,684.8
1,143.1
 2021
1.6
21.4
7.9
33.5
12.3
8.1
7.7
21.5
0.6
-4.2
2.6
14.2
66.6
2022
35,468.3
6.2
590.5
209.4
7,303.4
2,727.5
11,611.2
4,112.5
2,873.9
194.2
4,727.8
1,111.8
 2022
1.7
20.6
7.7
32.7
11.6
8.1
6.5
12.3
2.6
3.8
4.1
0.7
6.0
2023
40,157.8
16.2
675.3
178.2
7,746.8
3,087.8
12,457.2
4,819.8
3,719.7
593.5
5,752.4
1,111.0
 2023
1.7
19.3
7.7
31.0
12.0
9.3
13.2
14.4
6.1
13.2
7.3
17.2
29.4
2024
41,870.7
18.1
662.9
185.1
7,811.8
4,430.9
12,484.3
3,960.2
3,178.1
437.4
7,452.4
1,249.6
 2024
1.6
18.7
10.6
29.8
9.5
7.6
4.3
-1.8
0.8
43.5
0.2
-17.8
-14.6
2023 Jan-23
35,325.2
6.3
582.3
199.5
7,266.6
2,706.9
11,539.1
4,220.4
2,787.1
189.1
4,766.1
1,061.9
 2023 Jan-23
1.6
20.6
7.7
32.7
11.9
7.9
5.7
7.4
2.1
2.6
2.6
3.7
3.2
Feb-23
35,598.5
6.2
582.9
209.2
7,156.2
2,733.0
11,674.0
4,237.1
2,855.9
190.8
4,882.8
1,070.4
 Feb-23
1.6
20.1
7.7
32.8
11.9
8.0
6.6
9.2
1.0
3.3
4.9
3.8
4.8
Mar-23
35,760.2
8.8
576.5
192.9
7,158.8
2,759.4
11,753.6
4,223.9
2,826.5
187.7
4,968.9
1,103.3
 Mar-23
1.6
20.0
7.7
32.9
11.8
7.9
7.0
2.9
0.3
2.7
8.5
1.7
-0.8
Apr-23
36,049.8
9.5
595.2
193.4
7,191.9
2,785.6
11,758.9
4,094.2
2,912.9
184.6
4,999.1
1,324.5
 Apr-23
1.7
19.9
7.7
32.6
11.4
8.1
7.4
8.0
0.7
2.3
10.1
-2.2
-5.5
May-23
36,583.4
10.7
607.5
193.3
7,195.4
2,816.3
11,882.4
4,667.1
2,893.7
181.4
5,103.0
1,032.7
 May-23
1.7
19.7
7.7
32.5
12.8
7.9
9.3
8.8
0.9
3.5
11.7
14.5
-5.6
Jun-23
36,830.6
10.9
642.8
193.5
7,273.0
2,782.8
11,939.9
4,652.1
2,903.1
181.4
5,197.8
1,053.3
 Jun-23
1.7
19.7
7.6
32.4
12.6
7.9
8.3
12.6
1.0
2.1
11.3
12.2
-6.2
Jul-23
37,416.2
11.6
690.0
192.4
7,297.2
2,751.1
12,069.5
4,552.7
3,171.6
375.0
5,318.8
986.3
 Jul-23
1.8
19.5
7.4
32.3
12.2
8.5
9.6
20.4
1.5
1.5
11.8
8.7
3.9
Aug-23
38,271.5
12.6
667.9
175.5
7,555.4
2,782.0
12,214.9
4,795.2
3,114.7
571.8
5,400.8
980.8
 Aug-23
1.7
19.7
7.3
31.9
12.5
8.1
12.5
15.1
5.5
1.8
13.8
17.1
3.5
Sep-23
38,871.7
12.5
685.1
180.0
7,630.5
3,026.2
12,325.9
4,780.9
3,203.7
571.9
5,444.7
1,010.3
 Sep-23
1.8
19.6
7.8
31.7
12.3
8.2
12.0
16.2
4.1
10.9
10.6
16.8
6.8
Oct-23
39,181.6
15.3
682.3
181.2
7,654.8
3,019.2
12,374.6
4,956.2
3,157.9
593.4
5,535.1
1,011.7
 Oct-23
1.7
19.5
7.7
31.6
12.6
8.1
11.5
14.9
4.7
10.9
7.4
20.4
7.2
Nov-23
39,363.2
16.5
671.7
182.3
7,687.1
3,068.6
12,426.4
4,949.9
3,026.3
590.2
5,664.0
1,080.2
 Nov-23
1.7
19.5
7.8
31.6
12.6
7.7
12.7
16.2
5.3
14.5
9.7
21.7
3.0
Dec-23
40,157.8
16.2
675.3
178.2
7,746.8
3,087.8
12,457.2
4,819.8
3,719.7
593.5
5,752.4
1,111.0
 Dec-23
1.7
19.3
7.7
31.0
12.0
9.3
13.2
14.4
6.1
13.2
7.3
17.2
29.4
2024 Jan-24
40,303.7
16.7
681.9
201.2
7,790.5
3,122.0
12,294.7
4,966.5
3,657.7
588.4
5,873.6
1,110.3
 2024 Jan-24
1.7
19.3
7.7
30.5
12.3
9.1
14.1
17.1
7.2
15.3
6.5
17.7
31.2
Feb-24
40,263.2
16.7
666.2
184.9
7,789.2
3,135.6
12,285.9
4,810.8
3,621.7
573.7
6,037.0
1,141.5
 Feb-24
1.7
19.3
7.8
30.5
11.9
9.0
13.1
14.3
8.8
14.7
5.2
13.5
26.8
Mar-24
40,056.6
17.3
677.6
180.6
7,612.5
3,151.8
11,926.4
5,121.2
3,548.4
556.6
6,140.8
1,123.5
 Mar-24
1.7
19.0
7.9
29.8
12.8
8.9
12.0
17.5
6.3
14.2
1.5
21.2
25.5
Apr-24
40,537.5
17.7
679.1
177.4
7,619.0
3,194.1
11,957.1
5,296.9
3,675.9
534.7
6,244.8
1,140.9
 Apr-24
1.7
18.8
7.9
29.5
13.1
9.1
12.4
14.1
5.9
14.7
1.7
29.4
26.2
May-24
41,177.9
17.7
699.4
200.2
8,746.1
3,164.5
12,800.4
3,785.8
3,597.9
559.3
6,422.9
1,183.8
 May-24
1.7
21.2
7.7
31.1
9.2
8.7
12.6
15.1
21.6
12.4
7.7
-18.9
24.3
Jun-24
41,791.9
17.6
698.7
194.4
8,856.5
3,195.8
12,841.0
3,857.2
3,783.8
535.7
6,557.6
1,253.5
 Jun-24
1.7
21.2
7.6
30.7
9.2
9.1
13.5
8.7
21.8
14.8
7.5
-17.1
30.3
Jul-24
42,210.6
19.0
691.4
203.9
8,917.5
3,179.2
13,061.5
3,951.0
3,710.4
517.9
6,716.7
1,242.2
 Jul-24
1.6
21.1
7.5
30.9
9.4
8.8
12.8
0.2
22.2
15.6
8.2
-13.2
17.0
Aug-24
42,468.3
17.7
694.4
198.7
8,939.7
3,202.5
13,195.5
3,885.8
3,680.3
510.0
6,883.2
1,260.3
 Aug-24
1.6
21.1
7.5
31.1
9.2
8.7
11.0
4.0
18.3
15.1
8.0
-19.0
18.2
Sep-24
42,917.8
16.2
673.1
203.4
9,114.3
3,234.1
13,330.5
3,904.2
3,600.7
494.1
7,064.7
1,282.4
 Sep-24
1.6
21.2
7.5
31.1
9.1
8.4
10.4
-1.7
19.4
6.9
8.2
-18.3
12.4
Oct-24
42,991.0
16.8
670.3
194.2
8,012.6
4,383.2
12,915.9
4,219.8
3,631.7
469.3
7,191.3
1,285.8
 Oct-24
1.6
18.6
10.2
30.0
9.8
8.4
9.7
-1.8
4.7
45.2
4.4
-14.9
15.0
Nov-24
42,712.9
18.0
654.4
179.6
7,885.4
4,469.1
12,883.2
4,189.6
3,436.8
451.4
7,313.2
1,232.2
 Nov-24
1.5
18.5
10.5
30.2
9.8
8.0
8.5
-2.6
2.6
45.6
3.7
-15.4
13.6
Dec-24
41,870.7
18.1
662.9
185.1
7,811.8
4,430.9
12,484.3
3,960.2
3,178.1
437.4
7,452.4
1,249.6
 Dec-24
1.6
18.7
10.6
29.8
9.5
7.6
4.3
-1.8
0.8
43.5
0.2
-17.8
-14.6
Source: Maldives Monetary Authority
1/This refers to loans and advances to private sector and public non-financial corporations 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.