Country Presentation

Maldives

Capital

Male’

Population

342,000est.

Islands

1,192

Inhabited Islands

187

Resorts

129

Religion

Islam

Quick Facts

2.8% US$ 9,671 US$ 2.7 billion

GDP – per capita GDP Growth Inflation Fiscal Deficit Tourism Receipts

Key Economic Highlights

6.9% 2%

Source: Annual Report 2017, Maldives Monetary Authority

Construction

+24% Construction related imports

Tourism

+8% Tourist arrivals

Major Industries

Fishing

+42% Fish purchases

Source: Annual Report 2017, Maldives Monetary Authority

China Maldives Friendship Bridge

Opened in Sept 2018

International Airport Expansion

Regional Airports Development

Hulhumale’ Phase 2

Infrastructure Developments

Maldives - A Great Place to Invest

o No restrictions on foreign exchange

o No restrictions on repatriation of profits and capital proceeds

o Long term contractual agreements and lease for mega scale projects

o Legally backed investment guarantees

o Tax and import duty incentives for special projects

Central Bank

Locally Incorporated

Branch of Foreign Bank

Subsidiary of Foreign Bank

Payment Service

Providers

Insurance Companies

Commercial Banks Non-Bank Financial Institutions

Financial Sector

Maldives Stock

Exchange

Capital Market

Development Authority

Regulators

Net Loans

T-Bills

Balance at MMA

ODF

Balance at Bank

Cash & otherassets

Asset Composition

USD 3bn Total Assets Total

Capital Growth Annual Growth in Aggregate Net Assets

+5% Annual Increase

in Deposits

+4% +7%

Banking Industry

Source: Annual Report 2017, Maldives Monetary Authority

Return on Average Equity

15% NPL Ratio

11%

Communication and Our Social Connectivity

5 Our Culture Our Industrial

and Economic Progress

Our Unity and Islamic Values

Nationalism and Our Native

Language

Our Ancestral Craftsmanship

The Beauty in Our

Surrounding

10 20 50 100 500 1000

3rd banknote series in Maldives launched on 1st November 2015

Maldivian Rufiyaa

0

50

100

150

200

250

300

2013 2014 2015 2016 2017Mobile subscriptions per 100 people

Internet subscriptions per 100 people

Mobile Penetration

250%

87% Internet Penetration

Telecommunication and Digital Services

Source: Communication Authority of Maldives

Largest bank in the country with presence in every island

Bank of Maldives

260,000 Customers

34 Branches

277 Agents in 165 island

100 ATMs in 20 Atolls

Bank of Maldives

Branch in each atoll

International Debit,

Credit and Prepaid Cards

Dhoni Banking

Self-Service Banking Centres

Agents in each island

Internet& Mobile Banking

Mobile Wallet

A Full Service Bank

Corporate Banking

SME Banking

Retail Banking

Islamic Banking

POS & Payment Gateway

46% POS

E-Commerce

33% Self-Service Banking

15% Online Banking

6% Branch

Counters

9 out of 10 Transactions done through Digital Channel

65% Internet/Mobile Banking Penetration

Customer Transactions

Net Loans

+19% Shareholders’

Funds

+32% Profit after Tax

+13% Total Deposits

+12% Total Assets

+15%

Average Annual Growth, 2013 - 2017

Financial Stability

NPA

4% Cost to Income

25% Liquidity

18% Loan to Deposit

77% Capital Adequacy

34%

Towards Digital Everything

E-Commerce

Unified Mobile

Platform including

Mobile Wallet

Live Chat &

Social Media

Digital

Branches

Business

Solutions

Smart

Contact

Centre

Self- Service

Banking

Smart

Omni Channel

5265 1234 456 1234 5980

12-18

Simplified

Onboarding &

Online

Applications

LIVE CHAT

Correspondent Banking relationships Payment Partners

Our Partners

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