Bank of Maldives (BML) has stated that it is a top priority to support the tourism sector as the industry navigates financial and economic pressures linked to ongoing tensions in the Middle East.

In a statement released on Sunday, BML reaffirmed its commitment to assisting the country’s tourism industry, following recent remarks by Minister of Tourism Thoriq Ibrahim.

The bank noted that the evolving global situation has placed increasing strain on the tourism sector. In response, BML said it is working closely with key stakeholders to assess the impact and deliver targeted financial support to help businesses adapt.

As part of these efforts, the bank is engaging with resort operators, guesthouse owners and other tourism-related enterprises to better understand operational challenges and changing financial conditions.

Chief Executive Officer and Managing Director Mohamed Shareef said the bank’s focus remains on maintaining stability within the sector.

“Our priority is to stand alongside the tourism sector during this period. By maintaining open dialogue with industry stakeholders, we are able to deliver targeted financial solutions that help sustain operations, proactively manage the ongoing situation, and reinforce confidence across the industry,” he said.

BML added that strengthening the tourism industry remains a national priority, with its ongoing initiatives aligned to support long-term resilience.

The bank further stated that it is closely monitoring global developments and will continue to adjust its support measures as needed to minimise the impact on the sector.