Loans from financial institutions to the private sector in the Maldives rose to MVR 47 billion in September, continuing a steady climb from MVR 41 billion in January, according to Maldives Monetary Authority statistics. Tourism received the largest share at MVR 15 billion, followed by construction at MVR 11 billion, personal loans at MVR 9 billion, and agriculture the least at MVR 20 million.
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reaching MVR 47 billion in September, the latest statistics from the Maldives Monetary Authority (MMA) show
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Lending has climbed steadily since January, when the total stood at MVR 41 billion.
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It rose to MVR 42 billion in February and March,
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and to MVR 43 billion in April and May,
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before reaching MVR 44 billion in June.
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It then increased to MVR 45 billion in July,
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MVR 46 billion in August and MVR 47 billion in September.
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tourism received the largest share of loans in September, at MVR 15 billion,
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Private sector credit in the Maldives climbed to MVR 47 billion in September, continuing its rise from MVR 41 billion in January, figures published by the Maldives Monetary Authority (MMA) show.
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Private sector credit in the Maldives climbed to MVR 47 billion in September, continuing its rise from MVR 41 billion in January, figures published by the Maldives Monetary Authority (MMA) show.
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Tourism accounted for the largest sectoral credit balance in September, at MVR 15 billion, followed by construction at MVR 11 billion.
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Tourism accounted for the largest sectoral credit balance in September, at MVR 15 billion, followed by construction at MVR 11 billion.
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Lending for personal purposes stood at MVR 9 billion, while agriculture recorded the smallest balance, at MVR 20 million.
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