MMA Governor Ahmed Munawwar has met with all the banks in the country.

The Governor today met the heads of Bank of Maldives (BML), Maldives Islamic Bank (MIB), State Bank of India (SBI), Bank of Ceylon (BOC), Mauritius Commercial Bank (MCB), Commercial Bank of Maldives (CBM), Habib Bank and HSBC.

The meetings discussed ways to improve relations with banks and work together to develop the financial sector.

Speaking to the Finance Committee of the Parliament previously, Governor Munawwar said he would work to bring about a great improvement in the financial sector of the Maldives. The financial sector currently accounts for six percent of GDP and the aim is to double that within five years, he said.

Munawwar was appointed Governor on 31 July 2024. Since his appointment, the Governor has been working with various parties to improve the economic and financial situation of the country.