Bank of Maldives (BM) has completed a series of meetings with international institutional investors as part of plans to explore raising funds through global debt markets.

The non-deal roadshow took place between 29 April and 8 May across Singapore, Hong Kong and London.

According to the bank, the discussions were aimed at assessing opportunities to secure external financing through international debt capital markets.

BML said the proposed funding would support the bank’s expansion plans, particularly its financing support for the tourism industry, which remains one of the Maldives’ main economic sectors.

The bank’s tourism loan portfolio stood at USD 594 million at the end of April, with around USD 35 million disbursed to the sector between January and April this year.

BML said the lending reflects its continued commitment to supporting growth and resilience within the tourism industry.

The roadshow follows what the bank described as its strongest financial performance in its 43-year history. BML said it continues to maintain strong profitability, liquidity and capital adequacy levels above regulatory requirements.

The bank also noted that it currently has no external borrowings, positioning it to approach international markets from what it described as a position of strength.

Chief executive and managing director Mohamed Shareef said investor discussions had reflected confidence in both the Maldivian economy and the bank’s financial position.

“Accessing international debt markets represents a strategic step to diversify our funding base and scale up our support to key sectors, particularly tourism,” he said.

BML said it would continue focusing on sustainable growth while maintaining prudent risk management practices.