Bank soundness
How safe and profitable the banking system is, published statistics from MMA. Well-capitalised banks with contained bad loans keep the system stable.
Asset quality & capital over time
Percent. A rising non-performing-loan ratio signals stress in the loan book; the capital-adequacy ratio is the buffer that absorbs it.
How banks make money
The banking system's income statement (table 9.2). Banks earn a spread on lending plus fees, pay staff and set aside provisions for bad loans, and what's left is profit.
Where the income comes from
2025, millions of MVR. Net interest income (the margin between lending and deposit rates) is the core; fees and other non-interest income make up the rest.
Net income, annual
Millions of MVR, after tax.
The wider financial system
Soundness beyond the banks (table 9.3): how indebted households are, how large the pension fund looms, and how exposed lending is to property.
Household debt & the pension fund, over time
Percent of GDP, quarterly. Both have been shrinking relative to a growing economy, but for different reasons: household borrowing cooling, pension assets growing more slowly than GDP.
Real-estate lending: residential vs. commercial
Percent of all bank loans, quarterly. Residential exposure has fallen by roughly a third since 2020 while commercial property lending has nearly doubled. Banks' property risk is shifting from homes to businesses, not shrinking overall.