Financial access
The reach of finance across a nation of scattered islands, published statistics from MMA: branches, machines, and how many people bank and borrow.
Bank branches
52
as at 2025
ATMs
349
as at 2025
Commercial banks
7
as at 2025
Depositors
884,754
2025
Borrowers
182,207
2025
Loan-to-deposit ratio i
70%
2025
Reaching the islands over time
The physical footprint of finance across the country, 2013–2025.
Bank branchesATMs
Bank balance sheet: loans vs. deposits
Outstanding amounts, millions of MVR, 2013–2025. The gap between the two is what banks hold in securities and other assets rather than lending out.
Outstanding depositsOutstanding loans
Beyond the banks
Other financial intermediaries (finance and leasing companies outside the commercial banking system) are a second, much smaller access channel. Unlike banks, they don't take deposits; every customer is a borrower.
OFI institutions
3
2025
OFI customers (all borrowers)
7,109
2025
Other financial intermediaries, over time
Customers of non-bank lenders, 2013–2025.
Customers