Minister of Finance and Public Enterprises Moosa Zameer has stated that the Bank of Maldives did not enter the international financial market to raise funds for the State, but to strengthen the bank’s role in supporting economic development and expanding its services.

His remarks follow concerns raised over BML’s recent non-deal roadshow held across major international financial centres between late April and early May. Minister Zameer said the initiative was aimed at introducing the bank to international investors and exploring opportunities to support the institution’s long-term growth and financing capacity.

Speaking on the matter, Minister Zameer said the bank’s efforts are focused on sustaining growth, expanding support for businesses and industries, and increasing its contribution to the Maldivian economy, particularly within the tourism sector. He stressed that the initiative was not linked to raising funds to address Atate debt obligations.

The non-deal roadshow was conducted from April 29 to May 8 in Singapore, Hong Kong and London. The finance minister noted that the engagement was intended to expand the bank’s international reach and strengthen confidence in BML as a key financial institution in the Maldives.

According to available figures, BML had issued USD 594 million in financing to the tourism sector by the end of April, including USD 35 million disbursed between January and April this year. Minister Zameer also highlighted that 2025 marked the highest profit year in the bank’s 43-year history, adding that the bank continues to maintain profitability, liquidity and capital levels above the standards set by the Maldives Monetary Authority. He further noted that the bank currently carries no foreign debt obligations.