Bank of Maldives issued a statement saying its US dollar liquidity remains strong and its Net Open Position has been restored to positive levels after reaching a short position of 20 percent in September 2024. The bank said it holds over USD 600 million in dollar assets and that its tourism loan portfolio reached USD 585 million by the end of the first quarter of 2026.
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In an official statement released today, the bank emphasized that its US dollar liquidity is stable and continues to be actively managed
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reaching a short position of 20 percent in September 2024, equivalent to an oversold exposure of approximately USD 200 million.
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reaching a short position of 20 percent in September 2024, equivalent to an oversold exposure of approximately USD 200 million.
Word for word from the report in The Standard. Open the report
new loans issued to the industry from 2024 to date amount to USD 365 million
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with the total tourism loan portfolio reaching USD 585 million by the end of the first quarter of 2026.
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the short position has since been corrected through coordinated measures, with support from the Ministry of Finance and Planning. The bank confirmed that its NOP has now been restored to positive levels, aligning with regulatory requirements.
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CEO and Managing Director Mohamed Shareef noted during the bank’s Annual General Meeting that BML continues to deliver strong financial performance
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