Number of banks reached 8.00 banks in 2019 in Maldives, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Maldives reached an all time high of 8.00 banks in 2016 and an all time low of banks in. When compared to Maldives's main peers, number of banks in India amounted to 161 banks, 110 banks in Indonesia and 132 banks in Singapore in 2019.
Maldives has been ranked 127th within the group of 140 countries we follow in terms of number of banks, 30 places above the position seen 10 years ago.