MATI chairman applauds BML’s continued support to tourism sector
Maldives Association of Tourism Industry (MATI) Chairman Hussain Afeef has praised Bank of Maldives (BML) for its continued support to the country’s tourism sector, noting the bank’s role in helping businesses expand and strengthen operations.
As the Maldives’ tourism industry continues to evolve, financing remains a key factor in enabling resort development, product enhancement and operational resilience. In this context, BML’s longstanding engagement with the sector has been recognised as an important contribution to industry progress.
Commenting on the bank’s role, Afeef said BML has consistently supported tourism enterprises through financing that has helped drive expansion and sustain confidence across the sector.
“Bank of Maldives has been a steadfast partner to the tourism sector, providing critical financing that has enabled expansion, innovation, and resilience across the industry. Their proactive approach in seeking new funding avenues will further enhance their capacity to support tourism enterprises and contribute meaningfully to the country’s economic development,” he said.
Afeef’s remarks come at a time when BML is looking to broaden its funding base through engagement with international investors, a move expected to support the bank’s lending capacity and future growth plans.
For the tourism industry, improved access to financing is closely linked to investment in new developments, refurbishment projects, sustainability initiatives and service improvements. As one of the main drivers of the Maldivian economy, the sector continues to rely on financial institutions that understand its long-term needs and growth potential.
BML has maintained a central role in providing financing to tourism-related businesses in the Maldives, supporting projects across different segments of the industry. The bank’s efforts to explore new funding avenues are expected to further strengthen its position as a financial partner to the sector.
Afeef’s endorsement reflects broader industry recognition of the importance of sustained financial support in maintaining momentum in tourism development and supporting the wider economy.
