The total assets of the Maldivian financial sector was reported at MVR 24.2 billion by the end of January 2024, which is a moderate decline according to the Maldives Monetary Authority (MMA).
As per MMA, the total assets stood at MVR 24.8 billion by December 31, 2023.
The total foreign currency financial assets by the review date reached MVR 8.85 billion. Cash balances with banks took majority share of the segment at MVR 4.41 billion and investments in securities took the second largest slice of the segment at MVR 3.94 billion.
On the other hand, total local currency financial assets reached MVR 14.6 billion with investment in government treasury bonds taking up almost the entirety of this segment at MVR 14.5 billion.
Total financial assets by the end of the review month reached MVR 23.5 billion.
Non-currency financial assets, which include property, plan, and equipment and bullions stood at MVR 770 million.