Fitch Ratings assigned Bank of Maldives a Long-Term Issuer Default Rating of 'CCC-' with a Stable Outlook, alongside a Long-Term Local Currency IDR of 'CCC+' two notches above the Maldives' sovereign rating. The ratings follow Fitch's 3 June upgrade of the Maldives' sovereign rating after the government repaid a $500 million sukuk and implemented revenue reforms.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
BML's Long-Term IDR is driven by its viability rating and both ratings are constrained by the Maldives' sovereign rating of 'CCC-.
BML has a dominant business franchise in the Maldives and its competitive advantages are likely to endure for the foreseeable future,
We are pleased to publish our rating from Fitch Ratings, which recognises the fundamental strength of Bank of Maldives, our market leadership, strong capitalisation and resilient financial performance,
As the largest and most systemically important financial institution in the Maldives, we remain committed to supporting our customers, contributing to national economic development and maintaining the highest standards of financial strengt…
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
The bank's common equity Tier 1 ratio stood at 45.1% at the end of 2025, remaining largely unchanged despite rapid loan growth.
Word for word from the report in Maldives Republic. Open the report
BML's impaired loan ratio increased to 7.8% at the end of 2025 from 6.9% a year earlier, partly due to its acquisition of SME Development Finance Corporation in July 2025.
Word for word from the report in Maldives Republic. Open the report
BML's impaired loan ratio increased to 7.8% at the end of 2025 from 6.9% a year earlier, partly due to its acquisition of SME Development Finance Corporation in July 2025.
Word for word from the report in Maldives Republic. Open the report
Loan growth accelerated sharply to 22.8% in 2025 from 3.7% in 2024, while the bank's lending exposure remains concentrated in tourism, construction and transport sectors.
Word for word from the report in Maldives Republic. Open the report
Loan growth accelerated sharply to 22.8% in 2025 from 3.7% in 2024, while the bank's lending exposure remains concentrated in tourism, construction and transport sectors.
Word for word from the report in Maldives Republic. Open the report
on 3 June after the government repaid a $500 million sukuk and implemented revenue reforms alongside the Foreign Currency Act.
Word for word from the report in Maldives Republic. Open the report
including from a planned US dollar sukuk issuance.
Word for word from the report in Maldives Republic. Open the report
